0
Reverse Charge" of service tax is covered under Rule 2(1)(d) of the Service tax Rules, 1994 read with section 68(2) of the Finance Act. 1994.
Under this scheme, service tax is payable by Service Recipient instead of Service Provider.
Also, Service Recipient has to register himself under service tax. Further, Service Receiver cannot claim general exemption limit of Rs.10 Lakh. So, he has to pay even on few rupees of service received.
What else can I help you with?
Can you tax a service charge?
Establishments are adding tax to their service charges, is that legal?
Do you charge tax on service call?
is it legal to charge taxes on a service call in the state of washington.
Can you tax a service charge gratuity on banquet service in Georgia?
yes
In California can you tax a service charge?
If the service charge that you are charging is mandatory by the provider as part of the cost of the meals or banquet, then yes, in California you charge sales tax on that service charge. This is done whenever the banquet contract, menu, or meal check specifies a set service charge even though the member is told that the amount (such as 18 percent) can be changed up or down.
Can you charge tax on a service fee?
Yes, in some jurisdictions, tax can be charged on a service fee. It depends on the specific laws and regulations of the location where the service is being provided.
Does Groupon charge tax on purchases?
Yes, Groupon may charge tax on purchases depending on the specific item or service being purchased and the location of the buyer.
What is the 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). The purpose of determining the service tax payable by recipient of service and in some specific cases by both the provider and recipient of the service. In the case of the following services notified as specified services, the service recipient becomes the person liable to pay service tax to the Government o Insurance Agent's services o Goods Transport Agency (Transportation by Road) o Sponsorship Service o Services by Arbitral Tribunal to Business Entity o Legal services by Individual Advocate or firm of Advocates to Business Entity o Support Services o Service received by person located in taxable territory from person located in a non-taxable territory The following services when provided by individual or firm or partnership or Hindu Undivided Family (HUF) or proprietary or partnership firm including (Association of Persons) AOP, both service provider and service recipient are made liable to pay service tax to the extent specified: o Hiring or renting of motor vehicle designed to carry passengers o Manpower supply o Works contract
Can you charge sales tax on labor in Arkansas?
No, Arkansas does not charge sales tax on labor services. However, any materials or tangible goods used in providing the service may be subject to sales tax.
What's the best tax preperation services out there?
What do you consider doing it yourself? If you want really cheap, you can file your tax for free by going directly to IRS.gov. All other tax service charge for their service.
Does Groupon charge sales tax on purchases?
Yes, Groupon may charge sales tax on purchases depending on the specific location and the type of product or service being purchased.
What part of the Australian government is ATO in charge of?
The ATO of the Australian Government is in charge of revenue. The ATO collects income tax, Goods, and service tax along with other federal taxes of the government.
Where does one go to search for reverse email?
The following is a website that offers reverse email lookup. Most of the websites that offer this service also charge a small fee. http://whoemails.me/
