Reverse charge mechanism of service tax

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Dear All, I have a question: Is the reverse charge mechanism applicable to co-op banks, credit societies and housing societies?

 

Please do reply

 

Thanks and regards!

 

CA Prasad Kshirsagar..

Replies (5)

In case of societies registered under Societies Registration Act, 1860 or any other law, following services will be liable for reverse charge mechanism:

1. GTA services

2. Support services from Govt

3. Legal services

4. Arbitral tribunal

5. Import of services

Dear Sir,

Thank you for your kind response. However, applicability to Co-op Banks, and credit societies is not yet answered..Plz have your views..Thanks..

For a society, all the above mentioned services are liable under RCM.

If the society is ordinarily carrying out any activity relating to industry, commerce or any other business or profession; [Commercial nature]

 

Dear Sir,

I agreewith all opinion.

Thanking you

( Harendra Kumar )

RESPECTED ALL,

               ON WHICH AMOUNT T.D.S. SHOULD BE DEDUCTED U/S 194C WHEN PARTIAL REVERSE CHARGE MECHANISM IS APPLICABLE AND 25% OF SERVICE TAX IS PAID BY SERVICE PROVIDER.T.D.S. SHOULD BE DEDUCTED ON AMOUNT INCLUSIVE OF SERVICE TAX OR EXCLUSIVE OF SERVICE TAX?

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