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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 & 30/2012 the liability of service tax on - 1) abated value - service provider -NIL, service recipient -100% . 2) non-abated value - service provider -50%, service recipient -50%. the point no. 2) above i.e. service tax liability on non-abated v .....

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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. Request experts to present your valuable inputs in this regard. - Reply By KASTURI SETHI - The Reply = I think in this case Service Receiver wants to share service tax liability 40% into ratio of 60% and 40% which is not feasible if we carefully read b .....

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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 abatement or cenvat credit, Service receiver's share works out to 40%( he may term it as 100%) - Reply By JSW CEMENT LIMITED - The Reply = When the notification iiself talks of abated value then where is the question of confusion. 100% means 100% tax on .....

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