04 October 2012
All services provided by the Reserve Bank of India are in the negative list. RBI is also not liable under reverse charge. since it is not a body corporate. it is central bank being a statutory body set up under special act and fully owned by GOI.
Thank you for reply, sir you have given answer for service provided by the RBI. but my doubt is services provided to RBI by other service providers for services which are covered under reverse/partial reverse charge. in such case is RBI liable to pay service tax under reverse charge???
04 October 2012
pls read the partial reverse charge mechanism wherein it is clearly mentioned that it is applicable only if the service receiver is a body corporate
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