Whether service provided by a Chartered Accountant, legal advisors, consultant other than Individual Advocates to the Company is also covered under reverse charge mechanism w.e.f. 01.07.2012 and the service receipient has to pay the service tax?
Regards,
VINAY
Chartered Accountants and Consultants Services Exempt from Reverse Charge Mechanism Under Notification 30/2012-ST; Advocates Included A query was raised regarding whether services provided by Chartered Accountants, legal advisors, or consultants to companies fall under the reverse charge mechanism (RCM) for service tax payment effective from July 1, 2012. Four responses were received, all indicating that these services are not subject to RCM. However, one response highlighted Notification 30/2012-ST, which specifies that services by a firm or individual advocate require the service recipient to pay the service tax. Chartered accountants and consultants are not included in this notification, suggesting no RCM obligation for these services. (AI Summary)
TaxTMI 
TaxTMI 
