Reverse charge methodology
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 September 2013
DEAR ALL,
I HAVE A QUERY IN RESPECT OF REVERSE CHARGE MECHANISM THAT:
ONE OF MY CLIENT PROVIDING RENT A CAB SERVICE TO COMPANY ONLY AND HIS TOTAL RECEIPTS IS MORE THAN RS. 10 LAKH. NOW THE QUESTION IS WILL HE CHARGE SERVICE TAX IN INVOICE OR NOT? AND IS HE LIABLE TO FILE SERVICE TAX RETURN ON THE BASIS OF CHALLAN DEPOSITED BY RECEIVER?
THANKS
AMIT MITTAL
I HAVE A QUERY IN RESPECT OF REVERSE CHARGE MECHANISM THAT:
ONE OF MY CLIENT PROVIDING RENT A CAB SERVICE TO COMPANY ONLY AND HIS TOTAL RECEIPTS IS MORE THAN RS. 10 LAKH. NOW THE QUESTION IS WILL HE CHARGE SERVICE TAX IN INVOICE OR NOT? AND IS HE LIABLE TO FILE SERVICE TAX RETURN ON THE BASIS OF CHALLAN DEPOSITED BY RECEIVER?
THANKS
AMIT MITTAL
14 September 2013
Since his turnover is more than 10 lakhs he is liable towards service tax, so he required to charge service tax in invoice under reverse charge mechanism.
Yes he is required to file a return on the basis of challan received from the service receiver.
Yes he is required to file a return on the basis of challan received from the service receiver.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
16 September 2013
Thanks for your quick reply
Mr. Vijay Can you also tell me the notification or section regarding filling of return by provider in reverse charge mechanism on the basis of challan submitted by service receiver?
Mr. Vijay Can you also tell me the notification or section regarding filling of return by provider in reverse charge mechanism on the basis of challan submitted by service receiver?
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