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Reverse charge

chandra sekar (Manager-Accounts) (387 Points)

12 March 2014

Please clarify, a service provider, who is registered under Service Tax, collects and pay ST, is also liable to pay Service Tax under Reverse Charge Mechanism, after introduction of Negative List, in Jun 2012. If so, what service provider ,has to do now in respect of Registration. Has he go for amendment, if liable or just ignore ,or if not liable to pay ST on the basis of RCM?

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6 Replies

sagar kotak (article) (65 Points)
Replied 12 March 2014

Please elebrate..!!

chandra sekar (Manager-Accounts) (387 Points)
Replied 12 March 2014

It is simple, whether a Service provider , is liable to pay ST under RCM for the expenses incurred on Freight(inward/outward), Security charges, Legal fees?

vaibhav (student) (253 Points)
Replied 12 March 2014

if liable than he is required to register under specific services under RCM.

ca fahad karu (Chartered accountant) (43 Points)
Replied 12 March 2014

if the assesee is liable to pay under reverse charge than service tax registration must be amended and it must select the services under reverse charge from 120 services..

chandra sekar (Manager-Accounts) (387 Points)
Replied 13 March 2014

Thanks for reply to all. Any way, shall i assume like this that, even a service provider who`s has already registered with ST, and paying the ST for the Service Tax Collection, is liable to pay ST under RCM, wef 1.7.2012, as per Negative List.Am i correct?, if correct , my doubts clarified well.