Service tax reverse mechanism
This query is : Resolved
Sushil Kumar Shaokand
(Querist)
05 May 2014
Hello Experts.
Can you please clear the concept that,
If my Company (Pub Ltd) receiving Security services of a No-Company entity.
Provider can Levy & deposit all 12.36% ST or it is mendatory to deposited 25% of 12.36% by him and rest by our company
Can you please clear the concept that,
If my Company (Pub Ltd) receiving Security services of a No-Company entity.
Provider can Levy & deposit all 12.36% ST or it is mendatory to deposited 25% of 12.36% by him and rest by our company
05 May 2014
Security service is brought under partial reverse charge mechanism vide Notification No. 45/2012-ST dt. 7th August, 2012 under the category of supply of manpower or security service. In terms of the definition inserted vide Notification No. 46/2012-ST dt. 7th August, 2012 "security services" means services relating to the security of any property, whether movable or immovable, or of any person, in any manner and includes the services of investigation, detection or verification, of any fact or activity.
On this service, 100% tax is on service recipient only under reverse charge mechanism.
On this service, 100% tax is on service recipient only under reverse charge mechanism.
Sushil Kumar Shaokand
(Querist)
05 May 2014
Hello Sir.
My query is that:
If Service provider seeks to deposit 100% service tax in good faith.is it possble.
My query is that:
If Service provider seeks to deposit 100% service tax in good faith.is it possble.
Vidya Jain
(Expert)
06 May 2014
Mr. Sushil,
The liability on the service provider is to pay 25%. It is advisable to pay as per statutory obligation.
The liability on the service provider is to pay 25%. It is advisable to pay as per statutory obligation.
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