Reverse charge mechanism-Any exemption for service receiver

[Asked by Guest]

Dear Team,

 We are a manufacturing company now after the reverse charge mechanism liability of payment of service tax will arise on works contract as a service receiver:

Is any exemption criteria is available for service receiver for payment of service tax under reverse charge mechanism due to works contract ?

or it is applicable on all corporate, No exemption/concession under service tax law.

 

Thanx

AI Summary

Reverse charge mechanism requires service receivers to register and pay service tax without exemption under works contracts.
Reverse charge mechanism places liability on the service receiver for works contract services, obliging them to register and account for service tax; no exemption or concession for corporate service receivers is available, and receivers must discharge tax even where service providers might have basic exemption.