22 March 2013
Is reverse charge mechanism applicable even if service provider doesnt reach the threshhold limit? Say security services provided by individual whose gross annual income is less than 3 lakhs. Im'i required to pay reverse st on it?
22 March 2013
yes, even in that case, the reverse charge liability arises.......Since, the service is still taxable(i.e. not falling under mega exemption/negative list/exlusion), though the person providing the service is relieved from service tax(because of threshold limit).
CAclubindia
