What is Reverse Charge Mechanism?
Menu
Reverse charge
Replies (3)
Dear Devika,
The mechanism of shifting the service tax liability from service provider to the service recipient is known as service tax reverse charge mechanism.
All the best!
Regards,
QLI Success Oriented Coaching for CA and CS
www.qli.co.in
9029083303
Refer notification no 30/2012
As per Section 68(1) of finance act, every person who is providing service is liable for payment of service tax. But in some cases, i.e. under section 68(2), service receiver is liable to pay service tax and not service provider. This situation is called as REVERSE CHARGE MECHANISM.
Regards,
Recent Threads
- CERTIFIED FRAUD EXAMINER EXAM
- Service availed ITC query
- How do I purchase Copper Clues games in Kolkata?
- Regarding Annual Return for 23-24
- Property registration without physical PAN card
- Paying Rent in Cash: This Could Trigger an Income
- Market Down, Portfolio Down: Need suggestions for
- How much tax is payable If I withdraw my mutual fu
- GST Penalty Provisions under Section 73 vs Section
- How VFA Academy Helps Traders Build Discipline and
Related Threads
CAclubindia
