Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Service Tax Liability Shared: Partial Reverse Charge Mechanism Covers Motor Vehicles, Manpower Supply, and Works Contracts.</h1> The partial reverse charge mechanism introduced on July 1, 2012, under which service tax liability is shared between service providers and recipients for specified services. It details the services affected, including renting motor vehicles, manpower supply, and works contracts, and explains invoicing requirements, exemptions, and tax credit availability. The point of taxation for service recipients is the payment date, and liability calculations depend on payments made. It also covers the export of services under Rule 6A and the distribution of input service credit by Input Service Distributors, emphasizing the need for compliance with CENVAT Credit Rules.