Reverse charge mechanism - service tax

Amruta Pandit (Accounts Executive) (42 Points)

31 March 2015  

Hi all,

I need help regarding the new notification of service tax 30/2012 dtd 20/06/2012. For the constuction industry i.e. works contract assessee, the service provider needs to bear 50% portion of service tax amount in the bill. Is this applicable for all types of services provided? For example if Mr. V has rented out a property to ABC construction co ltd on which service tax is applicable. Does Mr. V have to bear 50% portion of the Tax liability?

 

Amruta