Finance bill 2012 vide notification 15/2012 requires to pay service tax on reverse charge for taxable services including man power,renting of motor vehicle , works contract.
we as service receipent having legal status as LIMITED LIABILITY PARTNERSHIP will be liable to pay service tax on such services consumed ? OR being a LLP the reververse charge mechanism shall not be applicable in instant case
Clarification Sought on LLPs as Body Corporate for Service Tax Under Reverse Charge, Refer to Companies Act Definition A query was raised about whether a Limited Liability Partnership (LLP) is considered a body corporate for the purpose of paying service tax under the reverse charge mechanism, as per the Finance Bill 2012 and notification 15/2012. The question specifically addressed whether LLPs are liable to pay service tax on services like manpower supply, renting of motor vehicles, and works contracts. The response advised referring to the Companies Act for the definition of a body corporate, which traditionally includes companies and societies. (AI Summary)
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