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Reverse charge
reverse charge
Replies (2)
Reverse charge is a mechanism whereby the service receiver has to pay Service Tax to Govt. instead of service provider
For eg: An LIC agent is not liable to pay service tax but LIC is liable for Service tax on behalf of his agents as per Reverse Charge Mechanism.
Correct me if I am wrong. ..
Hi Jayesh
Your understanding regarding the reverse charge was correct...
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