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reverse charge mechanism, Service Tax |
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reverse charge mechanism |
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Dear Experts, Please clarify that What is reverse charge mechanism in service tax and for which services it is applicable ? Anand Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Anand, Reverse charge mechanism consists of following two aspects, namely:-
Under Full Reverse Charge Mechanism, the service recipient is liable to pay the service tax on the full value of the services provided by the service provided and under Partial Reverse charge Mechanism service provider and service recipient both would be liable to pay the service tax to the extent of their liability as mentioned in below notifications, Please check the Notification No. 30/2012-ST/20-06-2012 w.e.f. 01-07-2012 read with Notification No. 10/2014-ST in this regard. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants)
Under Reverse Charge Mechanism, service tax is payable by service recipient instead of service provider . Under this charge service receiver have to register himself under service tax .
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