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payment of service tax on reversed charge method., Service Tax |
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payment of service tax on reversed charge method. |
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Whether service provided by a Chartered Accountant, legal advisors, consultant other than Individual Advocates to the Company is also covered under reverse charge mechanism w.e.f. 01.07.2012 and the service receipient has to pay the service tax? Regards, VINAY Posts / Replies Showing Replies 1 to 4 of 4 Records Page: 1
No.
No, you are not required to pay service tax under RCM on such services.
No............its applicable only on notified services such as insurance, gta, etc
Dear Sir, please refer to Notification 30/2012-ST dated 20.6.2012. There is liability in terms of IV(B) / sl.no.5 of the table in respect of firm of advocates also, apart from individual advocate. Thus, in case of service rendered by a firm/individual advocate, service tax has to be paid by the receiver on 100% basis. Apparently, chartered accountants and consultants are not covered therein. In any case, please go through the said notification for specific service. Page: 1 Old Query - New Comments are closed. |
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