BIKRAM KESHARI SWAR (CA CS B Com) (167 Points)
04 January 2016
Sonu Goenka
(Professional)
(62 Points)
Replied 04 January 2016
Yes, Service tax under RCM will be applicable
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 04 January 2016
Reverse Charge is applicable on legal services provided by an advocate or firm of advocates to "Business Entity".
Business Entity is defined under section 65B(17) of the Finance Act, 1991, which means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession.
If STPI qualifies the definition of Business Entity then service tax will be payable under reverse charge otherwise not.
Pinky Agarwal
(Chartered Accountant)
(426 Points)
Replied 04 January 2016
Reverse Charge is applicable on legal services provided by an advocate or firm of advocates to "Business Entity".
Business Entity is defined under section 65B(17) of the Finance Act, 1991, which means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession.
If STPI qualifies the definition of Business Entity then service tax will be payable under reverse charge otherwise not.
Nagendra Hegde
(Chartered Accountant)
(1948 Points)
Replied 05 January 2016
ish kumar sharma
(Sr. Manager Accounts & Finance)
(301 Points)
Replied 05 January 2016
yes service tax is applicable under RCM and cenvat can also be taken.
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