Service Tax under Reversal of Charge

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..... Service Tax under Reversal of Charge
Query (Issue) Started By: - Rajeev Kedia Dated:- 8-8-2012 Last Reply Date:- 11-8-2012 Service Tax
Got 4 Replies
Service Tax
If Service Tax not charged by service provider ( as his total revenue does not exceed Rs. 10.00 lacs) should service receipient have to pay service tax under reversal of charge in such case ? Reply By JAMES PG: The Reply: In .....

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..... respect of services like manpower supply, advocates, works contract, rent a cab, GTA etc service receiver is laible to pay partial/full ST payment under reverse charge Reply By JAMES PG: The Reply: Effective from 7.08.12, for security services also. Reply By GOKARNESAN.S SUBRAMANIAN: The Reply: Dear Sri Rajeev For payment of service tax on reverse charge method, the service recipient has to .....

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..... pay his share of liability (whether full or partial ) irrespective of the applicability of small scale exemption to actual service provider. According to the Proviso to Notification No. 33/2012 ST dated 20.6.2012, the benefit of threshold exemption is not available to person liable to pay service tax as specified in Section 68(2) of the Finance Act, 1994. You are advised to pay service on the p .....

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..... ercentage of tax liability applicable to you Advised accordingly S. GOKARNESAN Advocate 09840087349 Reply By Ashwani Rustagi: The Reply: Liability on recipient of service in case the recipient is body corporate i.e a Company In case where the service provider is individual, Hindu Undivided Family or partnership firm, whether registered or not, including association of persons and service .....

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..... recipient is body corporate i.e a Company, then such Company shall be liable to pay service tax to the extent depicted below w.e.f. 01.07.2012- 1. Rent a Cab: 40% 2. Supply of Manpower including security Service: 75% 3. In respect of services provided or agreed to be provided in service portion in execution of works contract 50% and 4. Advocates - 100% This Service Tax has to be paid by the C .....

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..... orporate Service receiver irrespective of the fact that the total revenue of service provider does not exceed Rs. 10.00, service receipient have to pay service tax.
Discussion Forum - Knowledge Sharing .....

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