amit kumar (Student CA Final ) (123 Points)
31 May 2014Dear All, Kindly tell me the Rules regarding Full Reverse Charge Mechanism. If the service provider is a insurance company or GTA & is a Registered body or a Corporate and the service receiver is also a Corporate then who is liable for Service Tax Liab under RCM.
Kindly provide the link or file for FULL RCM Liability...
Harendra Kumar
(Tax Advisor )
(1326 Points)
Replied 03 June 2014
In this reagrd read the vary carefully the notification 30/2012 and try to understand. If you canot received any fruitfull result in this regard then you forward the same.
amit kumar
(Student CA Final )
(123 Points)
Replied 03 June 2014
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 07 June 2014
The rules of RCM differ from service to service.
In case of GTA service, the status of the service provider is not at all relevant. RCM is applicable if the person liable to pay freight (may be consignor or consignee) is a specified person like partnership firm, body corporate, co-operative society, factory, registered dealer under central excise, etc.
In case of insurance services provided by insurance agents to the insurance companies, RCM is applicbale in all cases.
In case of security service, manpower service, works contract and rent a cab service, RCM is not applicable if the service provider is a company.
amit kumar
(Student CA Final )
(123 Points)
Replied 07 June 2014
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 07 June 2014
Kindly email me a copy of consignment note issued by your client at servicetaxexpert @ yahoo.com
amit kumar
(Student CA Final )
(123 Points)
Replied 07 June 2014
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 07 June 2014
Prima Facie, it seems your client is not required to charge service tax
amit kumar
(Student CA Final )
(123 Points)
Replied 07 June 2014
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