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Please find below chart depicting the liability of Service Receiver & Service Provider under Reverse Charge Mechanism in very precise and simplified manner. It shall be very handy in day to day working of professionals under industry.
|
Sl. No. |
Description of service |
Provided |
Liability of |
||
|
By |
To |
Service Provider |
Service Receiver |
||
|
1 |
Insurance | Insurance Agent | Any person carrying on insurance business |
Nil |
100% |
|
2 |
Transportation of goods by road | Goods Transport Agency (GTA) | Any person other than individual |
Nil |
100% |
|
3 |
Sponsorship | By any person | Anybody corporate or partnership firm |
Nil |
100% |
|
4 |
Arbitral | Arbitral Tribunal | Any business entity |
Nil |
100% |
|
5 |
Legal service | Individual Advocate or firm of advocates | Any business entity |
Nil |
100% |
|
5A |
Service of Director | Director | Its company |
Nil |
100% |
|
6 |
Support Service | Government or local authority | Any business entity |
Nil |
100% |
|
7 |
Hiring of vehicle on abated value | Non-Corporate Entity | Corporate Entity. |
Nil |
100% |
| Hiring of vehicle on non-abated value | Non-Corporate Entity | Corporate Entity. |
60% |
40% |
|
|
8 |
Supply of manpower for any purpose & Security Service | Non-Corporate Entity | Corporate Entity. |
25% |
75% |
|
9 |
Works Contract | Non-Corporate Entity | Corporate Entity. |
50% |
50% |
|
10 |
Any taxable services i.e. imported services | Any person located in a non-taxable territory | Any person located in the taxable territory |
Nil |
100% |
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sir,
1) Service Tax Provider & Receiver of Different
I want to know whether a religious trust who has given commercial buildings for rent should collect service tax from the tenants.
hai, i have client of security service, they have many no of clients, including corporate and non corporate, then how to riase the invoice for both of them,should i claim full rate of tax or to take partial abatment, please give clarification for this issue
I have two queres.
1) What is the abated & Non – abated Value in Hiring of Vechicle.
2) In reverse mechanism service receiver can avail the service tax in cenvat