Gaurav (MBA) (144 Points)
31 August 2012Please guide me in following issue;-
Whether a Trust (registered under 12A of Income Tax Act) receiving the service of security, shall be responsible for the Service Tax under Reverse Charge mechanism? or if Trusts are exempted then under which section?
Thanking you all in anticipation
Arun Kumar Singh
(GST Advocate)
(15203 Points)
Replied 31 August 2012
Services by an entity registered under section 12AA of income tax act by way of charitable activity is exempt from servcie tax under mega notification no. 25/2012 section 12A is not covered under exemption of service tax.
Gaurav
(MBA)
(144 Points)
Replied 31 August 2012
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 01 September 2012
If you are a receiver of security services, you are liable to service tax to the extend of 75% of the tax payable under the reverse mechanism notwithstanding that you are a charitable entity.
Gaurav
(MBA)
(144 Points)
Replied 01 September 2012
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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