As per the Notn No 45/2012-ST dt. 07.08.2012 (Amendment to Not No 30/12-ST), the service receipient has to pay service tax on reverse charge method on the service given by the Director (100% by the service receipient) and Security service also included in Manpower supply service (75% by the service receipient).
Since, the clarification received on 07.08.2012, whether we have to pay the Interest for delay in payment of Service Tax?
Regards,
VINAY
Amendment on Reverse Charge: Full Service Tax by Recipients for Directors, 75% for Security Services Post-Aug 7, 2012 A discussion on a forum addressed the issue of service tax payment under the reverse charge method following an amendment effective from August 7, 2012. The amendment requires the service recipient to pay 100% of the service tax for services provided by directors and 75% for security services classified under manpower supply. Participants clarified that since the amendment is prospective, there is no liability for service tax, interest, or penalties for the period from July 1, 2012, to August 6, 2012. The discussion also touched on the implications for directors of large corporations regarding registration and tax payment requirements. (AI Summary)