07 November 2014
A relative of mine is an electrical contractor and eligible for reverse charge mechanism.
issue: the service tax he charged till today and paid is totally under different type of service than the service receiver paying it.
Query: What might be the possible issues that arise because of this .?!
Is it possible to rectify all the payments made till today now.?! if yes, how..?!
please explain am really curious.
Thanks in anticipation.
08 June 2016
@Amol Sir. Please elaborate why there's no issue as the payment that's made is under a different head of service though the liability is paid correct will it not amount to liability under the actual liability remaining unpaid..?!
CAclubindia
