Registration requirement

[RAJENDRA JOSHI]

Dear Sir,

My client is a Private Limited Co. He receives variouse kind of services.including, WCT, rent a cab, advocate etc. As per new service tax regime, we need to pay tax under reverse  charge machanism. Services of lawyer and WCT are obtain once in year. 

My querry is, do I need to include all the services in my reg certificate wherein I am paying tax under reverse charge. Or can shown those services where tax is paid once in year or for that matter once in life time, under category No 120 as other services.



 

Thanks in advance

[YAGAY and SUN]

Yes Sir,  Please check the Circular No. 165/2012-Service Tax and notification no. 48/2012 in this regard.

[dipsang vadhel]

Vide Circular No.165/16/2012 –ST dt.  20th November, 2012 service specific accounting codes for payment of service tax have been restored. It is suggested that you should obtain registration as per service specific desciption out of 120 description available.If service Tax payable in respect of service where specific description is not available in the list of 119 service description, you can opt for other taxable services -other than the 119 listed. This is residuary category.

Though the requirement of acounting code for Descriptions of taxable services given in the annexure are solely for the purpose of statistical analysis. It is advisable to opt for specified description of service as the department has requested for Service description wise returns for the period from 01.07.2012 to 30.09.2012 as per Instruction dated 22^nd February, 2013..

AI Summary

Reverse charge mechanism requires registering specific service descriptions and using the residuary category when no code exists.
Registrants subject to the reverse charge mechanism should select the specific service description and accounting code on their registration where one exists; if no specific description is available, they may use the residuary "other taxable services" category and report and pay service tax under reverse charge accordingly.