payment of service tax on reversed charge method.

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..... As per the Notn No 45/2012-ST dt. 07.08.2012 (Amendment to Not No 30/12-ST ), the service receipient has to pay service tax on reverse charge method on the service given by the Director (100% by the service receipient) and Security service also included in Manpower supply service (75% by the service receipient). Since, the clarification received on 07.08.2012, whether we have to pay the Inte .....

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..... rest for delay in payment of Service Tax? Regards, VINAY - Reply By Surender Gupta - The Reply = The amendment is effective w.e.f. 7-8-2012 only and consequently, there is no question of delay in payment by the recipient of services for the previous period and therefore, no Interest. - Reply By JAMES PG - The Reply = SInce the amendment is effective from 7.08.12 and retrospective eff .....

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..... ect is not mentioned, will there be any liability for the service recipient for the period 1..07.12 to 6.08.12 ? - Reply By Pradeep Khatri - The Reply = No way, there would not be any liability of service tax, interest and penalty for the period from 01-07-2012 to 06-08-2012, Since the amendment is prospective, not the retrospective. - Reply By JAMES PG - The Reply = Liability to pay ST , Regi .....

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..... stration, Return filing formalities etc by Directors of big Corporates have been widely discussed and represented after the introduction of the levy of ST on fees paid to Directors. The amendment in Notn effective from 7.08.12 is understood to relieve their burden. Since effect of the Not is prospective, it would imply that they have to tale Regn and pay Tax for the period from 1.07.12 to 6.08. .....

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..... 12. Let us hope for another amendment .. !! - payment of service tax on reversed charge method. - Query Started By: - vinay wakde Dated:- 9-8-2012 Service Tax - Got 4 Replies - Service Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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