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TMI BlogService tax on reverse charge mechanism - w.e.f. 1.7.2012X X X X Extracts X X X X X X X X Extracts X X X X ..... 31st December, 2004, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R 849 (E), dated the 31st December, 2004, except as respects things done or omitted to be done before such supersession, the Central Government hereby notifies the following taxable services and the extent of service tax payable thereon by the person liable to pay service tax for the purposes of the said sub-section, namely: I. The taxable services, (A) (i) provided or agreed to be provided by an insurance agent to any person carrying on the insurance business; (ii) provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road, where the consigno ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o any company formed or registered under the Companies Act, 1956 (1 of 1956) or a business entity registered as body corporate located in the taxable territory; (B) in relation to any taxable service provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory; (II) the extent of service tax payable by the person who receives the service and the person who provides the service for the taxable services specified in (I) shall be as specified in the following Table, namely:- Table Sl.No. Description of a service Percentage of service tax payable by the person providing service Percentage of service tax payab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 50% 10 in respect of any taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory Nil 100% 2. Person who pays or is liable to pay freight either himself or through his agent for the transportation of goods by road in goods carriage, located in the taxable territory shall be treated as the person who receives the service for the purpose of this notification. 3. This notification shall come into force from the date on which section 66B of the Finance Act, 1994 comes into effect. [F.No. 334/1/2012- TRU] (Samar Nanda) Under Secretary to the Government of India - Notification T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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