Applicability of reverse charge mechanism

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 July 2012 Is Service receiver liable to pay tax on the renting of vehicle services availed prior to 1st July, 2012, but the payment is not made to the party as yet?

10 July 2012 If the invoice is of the date prior to 01st july then reverse charge is not applicable otherwise applicable.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 July 2012 from which notification does this come from?


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 July 2012 from which notification does this come from

10 July 2012 Note No. 10.1.7 of guidance note issued by CBEC dated 20th june 2012.
For any service whose point of taxation has been determined and whole liability affixed before 1.7.2012 the new provisions will not apply. Merely because payments are being made after 1.7.2012 will not add any additional liability on the service receiver in respect of such services



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries