Services provided by an Arbitral tribunal - Service Tax Practice Manual / Ready Reckoner - Service Tax

Sr. No. 4 Services provided by an Arbitral Tribunal Scope of Reverse Charge Service - ( Notification No. 30/2012- Service Tax, Part (II) Table Sl. No.4 ) From 1.7.2012 In respect of services provided or agreed to be provided by an arbitral tribunal Taxable services provided or agreed to be provided by an arbitral tribunal to any business entity located in the taxable territory; Liability on:- Service Provider Service Recipient % of tax Nil 100% Meanings and Definitions: Section 65B(17) business entity means any person ordinarily carrying out any activity relating to industry, commerce or any other business or profession; As per Notification no.25/2012-ST, dated 20-6-2012 , Arbitral Tribunal means, meaning assigned to it in clause (d) of section (2) of the Arbitration and Conciliation Act, 1996. Section (2) of the said Act defines arbitration means any arbitration whether or not administered by permanent arbitral institution. Section 2(d) of the Act defines arbitral tribunal means a sole arbitrator or a panel of arbitrators.