KANHU CHARAN SAMAL (ARTICLE ASSISTANT STUDENT CA FINAL) (67 Points)
19 February 2013if a bill issued on 25th june 2012 and payment made to the service provider on 15th july 2012, is the servicer receiver liable to pay service tax under reverse charge mechanism.?
Abhisek Rungta
(PRACTISING CHARTERED ACCOUNTANT)
(234 Points)
Replied 19 February 2013
When is the Service Rendered ?
vittakaushik
(articles)
(71 Points)
Replied 19 February 2013
Yes reverse charge mechanism is applicable as the Point of taxation in case of reverse charge mechanism is the date of payment provided the payment is made within 6 months from the date of payment.
KANHU CHARAN SAMAL
(ARTICLE ASSISTANT STUDENT CA FINAL)
(67 Points)
Replied 19 February 2013
sir, service rendered on 20th june 2012
sir, what would be the liability of service receiver if bill date is on or after 1st july 2012 instead of 25 th june 2012
KANHU CHARAN SAMAL
(ARTICLE ASSISTANT STUDENT CA FINAL)
(67 Points)
Replied 19 February 2013
what would the liability of service receiver if service provided after 01/07/2012 but payment made before 01/07/2012
vittakaushik
(articles)
(71 Points)
Replied 19 February 2013
As per rule 7(b) of POT,2011 POT in case of RC is date of payment
CAclubindia
