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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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PowerPoint Slideshow about 'Service Tax' - aderyn


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Presentation Transcript

Reverse joint charge mechanism
Reverse & Joint Charge Mechanism

  • Purpose

  • Meaning

  • Relevant Notification

  • Applicability of New Partial

    Reverse Charge Mechanism

  • Special Points



Meaning of reverse charge mechanism
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)





Special points
Special Points 1.7.2012






Invoice format for work contractor
Invoice Format for Work 1.7.2012 Contractor



Continued
Continued…… 1.7.2012


Thank you

Thank 1.7.2012You