Urgent query - definition of turnover limit - reverse charge

Prajakta (CA) (27 Points)

31 May 2013  

 

Under reverse charge mechanism, turnover criteria is not applicable except  in case of legal services. Two clarifications required in this regard :

1) What is definition of turnover? does it mean turnover of taxable services only, or whole turnover for the year of the business entity?

2) Secondly,  whose turnover is to be considered here, Service receivers or providers?

Thank you