Dear All, Kindly tell me the Rules regarding Full Reverse Charge Mechanism. If the service provider is a insurance company or GTA & is a Registered body or a Corporate and the service receiver is also a Corporate then who is liable for Service Tax Liab under RCM.
Kindly provide the link or file for FULL RCM Liability...
In this reagrd read the vary carefully the notification 30/2012 and try to understand. If you canot received any fruitfull result in this regard then you forward the same.
The rules of RCM differ from service to service.
In case of GTA service, the status of the service provider is not at all relevant. RCM is applicable if the person liable to pay freight (may be consignor or consignee) is a specified person like partnership firm, body corporate, co-operative society, factory, registered dealer under central excise, etc.
In case of insurance services provided by insurance agents to the insurance companies, RCM is applicbale in all cases.
In case of security service, manpower service, works contract and rent a cab service, RCM is not applicable if the service provider is a company.
Kindly email me a copy of consignment note issued by your client at servicetaxexpert @ yahoo.com
Prima Facie, it seems your client is not required to charge service tax
CAclubindia
