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reverse charge mechanism

Service Tax - Started By: - ganeshan kalyani - Dated:- 1-9-2015 Last Replied Date:- 3-9-2015 - Hi, i would like to discuss with reference to issue discussed in 108569 regarding service tax on rent-a-cab service. with reference to Notification 26/2012 .....

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alue is crystal clear. however, point no. 1 is a matter of discussion. if the value if abated then, as per Notification no.26/2012, the liability is 40% (60%abatement) on the condition that cenvat credit on input, capital goods and input service is n .....

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0% would mean only 40%. it means if value is abated then provider liability is NIL and recipient has to pay service tax on 40% of value of service. this mostly goes into confusion by user and for safer side, assessee tends to pay 100% service tax. Re .....

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oth Notifications in question. If Service Provider avails abatement of 60%, he loses cenvat credit on input, input service etc.. If Service Provider does not avail abatement, he can avail cenvat credit facility and liability of service tax is to be s .....

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ice Provider is because of availment of cenvat credit otherwise. Service receiver is actually paying 40% which is mentioned 100% in . He is correctly paying 100% (Which is actually 40 %). It is further clarified that Service Provider may take abateme .....

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abated value only.V.Venkat Raman - Reply By ganeshan kalyani - The Reply = Whether the service provider need to mention on the invoice that he has forfeited the right to avail cenvat credit. otherwise how would the receiver know which option to opt .....

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