chandra sekar (Manager-Accounts) (387 Points)
12 March 2014Please clarify, a service provider, who is registered under Service Tax, collects and pay ST, is also liable to pay Service Tax under Reverse Charge Mechanism, after introduction of Negative List, in Jun 2012. If so, what service provider ,has to do now in respect of Registration. Has he go for amendment, if liable or just ignore ,or if not liable to pay ST on the basis of RCM?
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 12 March 2014
It is simple, whether a Service provider , is liable to pay ST under RCM for the expenses incurred on Freight(inward/outward), Security charges, Legal fees?
vaibhav
(student)
(253 Points)
Replied 12 March 2014
ca fahad karu
(Chartered accountant)
(43 Points)
Replied 12 March 2014
chandra sekar
(Manager-Accounts)
(387 Points)
Replied 13 March 2014
Thanks for reply to all. Any way, shall i assume like this that, even a service provider who`s has already registered with ST, and paying the ST for the Service Tax Collection, is liable to pay ST under RCM, wef 1.7.2012, as per Negative List.Am i correct?, if correct , my doubts clarified well.
Prasad
(Sr. Manager)
(617 Points)
Replied 13 March 2014
Yes you are almost correct; your statement is true except for cases where 100% is to be paid by service receiver.
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