SERVICE TAX - Simplification of partial reverse charge mechanism - THE FINANCE (No. 2) BILL, 2014

Simplification of partial reverse charge mechanism:

          • In renting of motor vehicle, portion of service tax payable by service provider and service receiver will be 50% each. This will come into effect from 1st of October 2014.

See:- Amendment in Notification No. 30/2012 - Notification under sub-section (2) of section 68 - Reverse Charge - Notification No. - 10/2014 Dated - July 11, 2014 (As amended)