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Reverse charge mechanism
Reverse charge mechanism
by Kunal on13 March 2014
hello sir, Whether reverse charge is applicable on advance payment made to advocate prior to 1-7-2012 but the bill is booked after 1-7-2012?? Thank you.
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Reverse charge mechanism
by Kunal on13 March 2014
hello sir, Whether reverse charge is applicable on advance payment made to advocate prior to 1-7-2012 but the bill is booked after 1-7-2012?? Thank you
Replies (2)
As per Point No.10.1.7, if the point of taxation of a service is determined to be prior to 1 July 2012, then in that case, there would not be any Service tax under reverse charge mechanism.
The date of invoice or payment shall be seen to determine the point of taxation in this case.
Since, the reverse charge mechanism has been introduced from 1 July 2012 on payments to advocates, therefore, if the point of taxation has been determined before 1 July 2012, no RCM shall apply in this case.
Thank you very much Sir
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