how a persone can be exempted in Reverse charge being a SSI ( turnover less than Rs 10 lakhs) ?
and as per Notification No. 33/2012
"Provided that nothing contained in this notification shall apply to,-
(i) taxable services provided by a person under a brand name or trade name, whether registered or not, of another person; or
(ii) such value of taxable services in respect of which service tax shall be paid by such person and in such manner as specified under sub-section (2) of section 68 of the said Finance Act read with Service Tax Rules,1994. "
as per my understanding Rs. 10 Lac Exemption is not applicable for those who are covered US 68(2)
Notification for reverse charge Notification No. 30/2012-Service Tax is issued In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994)
which is as under
68(2) Notwithstanding anything contained in sub-section (1), in respect of such taxable services as may be notified]8 by the Central Government in the Official Gazette, the service tax thereon shall be paid by such person and in such manner as may be prescribed at the rate specified in section 9[66B] and all the provisions of this Chapter shall apply to such person as if he is the person liable for paying the service tax in relation to such service:
Provided that the Central Government may notify the service and the extent of service tax which shall be payable by such person and the provisions of this Chaptershall apply to such person to the extent so specified and the remaining part of the service tax shall be paid by the service provider.
please see the details & provide your viwes regarding this.Thanks in advance.
CAclubindia
