Poonawalla fincorps
Poonawalla fincorps

Reverse machanism

This query is : Resolved 

04 July 2012 I am working in PSU. From 1st Jul 12 service provider is also responsible to pay service tax in some cases. May ple clarify that if service was receved in the month of June 12 but payment is made in the monht of jul 12. In that case veverse machanism is applicable ie as a service recever PSU is also responsible to pay service tax directly to Department

04 July 2012 If the invoice is received before 01st july 2012 then partial reverse charge will not be applicable.



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