Service tax reverse mechanism
This query is : Resolved
05 May 2014
Hello Experts.
Can you please clear the concept that,
If my Company (Pub Ltd) receiving Security services of a No-Company entity.
Provider can Levy & deposit all 12.36% ST or it is mendatory to deposited 25% of 12.36% by him and rest by our company
Can you please clear the concept that,
If my Company (Pub Ltd) receiving Security services of a No-Company entity.
Provider can Levy & deposit all 12.36% ST or it is mendatory to deposited 25% of 12.36% by him and rest by our company
05 May 2014
Security service is brought under partial reverse charge mechanism vide Notification No. 45/2012-ST dt. 7th August, 2012 under the category of supply of manpower or security service. In terms of the definition inserted vide Notification No. 46/2012-ST dt. 7th August, 2012 "security services" means services relating to the security of any property, whether movable or immovable, or of any person, in any manner and includes the services of investigation, detection or verification, of any fact or activity.
On this service, 100% tax is on service recipient only under reverse charge mechanism.
On this service, 100% tax is on service recipient only under reverse charge mechanism.
05 May 2014
Hello Sir.
My query is that:
If Service provider seeks to deposit 100% service tax in good faith.is it possble.
My query is that:
If Service provider seeks to deposit 100% service tax in good faith.is it possble.
06 May 2014
Mr. Sushil,
The liability on the service provider is to pay 25%. It is advisable to pay as per statutory obligation.
The liability on the service provider is to pay 25%. It is advisable to pay as per statutory obligation.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
