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Service Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Reverse charge mechanism - Recipient of service - It was not ...


Reverse Charge Rule: Recipients Can't Adjust Reinsurer Claims Independently; Unauthorized Adjustments Undermine Credit Scheme Integrity.

February 1, 2019

Case Laws     Service Tax     AT

Reverse charge mechanism - Recipient of service - It was not available to the appellant to make suo moto adjustments about the claims of the reinsurer, the scheme of availing credit itself is simultaneously in existence. Such suo moto adjustments shall forfeit the entire objective of credit availment scheme.

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