Menu
Reverse charge
It was a good conversation on RCM. It also benefitted me. Ms. Rashmi is well equiped with the knowledge of RSM.
The basic idea behind RCM was to curb the area from where it was not possible to collect tax before.
Pls clear my doubt also...
Once SR has paid tax under RCM, after that wat & where is tax treatment?
Pls clear my doubt also...
Once SR has paid tax under RCM, after that wat & where is tax treatment?
He can claim it as cenvat credit on the basis of paid challan if he is eligible for cenvat for that particular service. like normally on cab hiring service, cenvat is not available for everyone.
Yes what said by rashmi is correct as per notification no.30/3012 .
Dear Kunal,..... First of all see whether your client is a business entity(Body Corporate) or not,.....If it is.....,then apply RCM provisions for your client....i.e. your client will have to pay 75% of total service tax payable on security services Charges....No need to check whether the service provider is charging its part of service tax or not.....
Recent Topic
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
- Share your proudest CA moment 🏆
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
Related Topics
CAclubindia
