Service tax reverse charge mechanism
This query is : Resolved
18 June 2015
Dear Expert,
A Book Binder (as Individual) binds our official books & raises invoices in the name of company. My question is that if is it covered under Service Tax Reverse Charge Mechanism ?
Regards,
Harish Bhardwaj
A Book Binder (as Individual) binds our official books & raises invoices in the name of company. My question is that if is it covered under Service Tax Reverse Charge Mechanism ?
Regards,
Harish Bhardwaj
18 June 2015
There are two ways of treating it depending on the type of agreement.
If the job is treated as works contract, i.e if the job involves both material and service component, then service tax is applicable under reverse charge mechanism.
If the job is treated as any other services except labour charges, then no service tax to be paid under RCM.
Regards,
Santosh G Kalburgi
If the job is treated as works contract, i.e if the job involves both material and service component, then service tax is applicable under reverse charge mechanism.
If the job is treated as any other services except labour charges, then no service tax to be paid under RCM.
Regards,
Santosh G Kalburgi
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