The following services has been brought under Full Reverse Charge Mechanism i.e. 100% of Service Tax payable by Service receiver:
Service provided by Recovery agent to a banking Company or Financial Institution or a Non Banking Financial Company.
Service provided by a Director of a company or body corporate to the said company or body corporate.
Under partial Reverse Charge Mechanism, with respect to services provided by way of renting of a motor vehicle designed to carry passenger on non abated value, the Service provider and service receiver shall be liable to pay 50% of Service Tax each instead of 60% and 40% respectively.
Mandatory Payment of service tax electronically through Internet banking applied to all assessee. In exceptional cases, Jurisdictional Assistant commissioner/ Deputy Commissioner may allow other mode.
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