21 March 2015
Dear expert the contractee has given the bill for wct he has charged 50% ST in bill but the service recipient is availing ST exemption limit, does recipient is liable to pay 50% ST or not, if yes can he avail ST input after paying 50% ST.
21 March 2015
In partial reverse charge mechanism there is no exemption limit. If the service receiver is company or body corporate even though their service turnover do not exceed 10 lakhs in the preceeding year or current year, they need to pay ST on RCM for 50% of taxable value.casrinivasantry@gmail.com
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