 Purpose  Meaning  Relevant Notification  Applicability of New Partial Reverse Charge Mechanism  Special Points.

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Presentation transcript:

 Purpose  Meaning  Relevant Notification  Applicability of New Partial Reverse Charge Mechanism  Special Points

To catch hold of assessee’s who are collecting service tax but but not paying it Service Provider Service Receiver Govt. of India

 Every person providing a taxable service is required to pay service tax at the prescribed rate.  However in certain cases the service recipient is made liable to pay service tax on the services received.  Since the person receiving services is made liable to pay service tax, the mechanism of collection of such tax is called as reverse charge (RCM)

Central Govt. has issued Notification No. 30/2012 dated 20/06/2012 Which specified where service Provided by in the manner so specified where the part of Service Tax Has to be paid by the Service Receiver It also specifies the extent of STLthat has to be discharged by Service Receiver

It is Applicable to services provided or agreed to be provided by way of Renting of Motor Vehicle Designed to carry Passengers on non abated Value to any person who is not engaged in any similar Business or Service portion in execution of Work Contract Supply of Manpower for any Purpose or