Service tax on services provided to rbi under reverse charge
This query is : Resolved
04 October 2012
Dear sir, if any service which is coverd under reverse charge is renderd to rbi . Then is rbi liable to par service tax?
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.
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.
Message likes :
1 times
04 October 2012
Dear Amit Sir,
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???
Kindly give reply sir.
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???
Kindly give reply sir.
Message likes :
1 times
04 October 2012
RBI will not be liable to pay as it is covered under Negative List. Agreed with Mr. Amit
04 October 2012
Dear Mahesh, pls read the reply again i have modified it.
Message likes :
1 times
04 October 2012
Thank you so much sir, i argee with you but there was no notification or circular regarding this.
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
