If reverse charge mechanism applicable?
This query is : Resolved
28 December 2013
Is reverse charge mechanism of service tax applicable to any services rendered by a LAWYER?
28 December 2013
Yes applicable. Service recepient will have to pay service Tax @12.36% under reverse charge.
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28 December 2013
Hi,
Notification No. 25/2012 dated 20.06.2012 exempts "service provided by an individual as an advocate or a partnership firm of advocates by way of legal services to a business entity with a turnover up to rupees ten lakh in the preceding financial year".
Hence, if the turnover of business entity ( including company)receiving legal services is less than Rs 10 lakhs in P.Y then it is not liable to pay service tax under reverse charge mechanism in legal services.
Thanks
Notification No. 25/2012 dated 20.06.2012 exempts "service provided by an individual as an advocate or a partnership firm of advocates by way of legal services to a business entity with a turnover up to rupees ten lakh in the preceding financial year".
Hence, if the turnover of business entity ( including company)receiving legal services is less than Rs 10 lakhs in P.Y then it is not liable to pay service tax under reverse charge mechanism in legal services.
Thanks
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