Anil Dhawan
asked
What is Partial Reverse Charge
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Bhavya Shah
answered
To understand the meaning of partial reverse charge under Finance Act for levy and collection of service tax,
Where an activity consist of a service provider and service reciever:
01. First of all I would like to explain the meaning of reverse charge.
Reverse charge: where the liability to discharge service tax is on the service receiver not on service provider.
Partial reverse charge: where the liability to discharge service tax is partially on the receiver and partially on the provider.
Therefore, in the words of a layman the service activity has two party one service provider and other service reciever.
Where the burden is on other than provider is reverse charge and where the burden is on the both partially is partial reverse charge.
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Anshul Dhawan
answered
hie
The details are available in the Notification No. 30/2012-ST dated 20-06-2012, effective from 01-07-2012, made applicable to certain specified services.
Service Provider has to select A10.1
Service Receiver has to select A10.2
If the Assessee is liable to pay tax under Partial Reverse Charge as Provider, he will have to select 'Yes' under A10.1 and A10.3 and select the percentage from A10.4.
If the Assessee is liable to pay tax under Partial Reverse Charge as Receiver, he will have to select 'Yes' under A10.2 and A10.4 and select the percentage from A10.6.
Ashika
answered
The details are available in the Notification No. 30/2012-ST dated 20-06-2012, effective from 01-07-2012, made applicable to certain specified services.
Service Provider has to select A10.1
Service Receiver has to select A10.2
If the Assessee is liable to pay tax under Partial Reverse Charge as Provider, he will have to select 'Yes' under A10.1 and A10.3 and select the percentage from A10.4.
If the Assessee is liable to pay tax under Partial Reverse Charge as Receiver, he will have to select 'Yes' under A10.2 and A10.4 and select the percentage from A10.6.
Thanks
HIMANSHU
answered
The details are available in the Notification No. 30/2012-ST dated 20-06-2012, effective from 01-07-2012, made applicable to certain specified services.
Service Provider has to select A10.1
Service Receiver has to select A10.2
If the Assessee is liable to pay tax under Partial Reverse Charge as Provider, he will have to select 'Yes' under A10.1 and A10.3 and select the percentage from A10.4.
If the Assessee is liable to pay tax under Partial Reverse Charge as Receiver, he will have to select 'Yes' under A10.2 and A10.4 and select the percentage from A10.6.
