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Service Tax

Service Tax. Reverse & Joint Charge Mechanism. Purpose Meaning Relevant Notification Applicability of New Partial Reverse Charge Mechanism Special Points. Purpose of Reverse Charge Mechanism. Meaning of Reverse Charge Mechanism.

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Service Tax

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  1. Service Tax

  2. Reverse & Joint Charge Mechanism • Purpose • Meaning • Relevant Notification • Applicability of New Partial Reverse Charge Mechanism • Special Points

  3. Purpose of Reverse Charge Mechanism

  4. Meaning of Reverse Charge Mechanism • 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)

  5. Relevant Notification

  6. List of Services covered under 30/2012 Notification

  7. Applicability of New Partial Reverse Charge Mechanism w.e.f 1.7.2012

  8. Special Points

  9. Invoice by Advocate 50:50

  10. Special Points in case of SP is Advocate

  11. Invoice Format for Manpower Supplier

  12. Notes on Manpower Supply

  13. Invoice Format for Work Contractor

  14. Special Notes on Work Contractor

  15. Continued……

  16. Thank You

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