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of <h1>Reverse Charge Mechanism Applies to Works Contracts: 50% Tax Liability Shared Between Provider and Corporate Recipient.</h1> Services provided in the service portion of works contracts are subject to reverse charge mechanisms as per Notification No. 30/2012-Service Tax. Effective from July 1, 2012, these services, when executed by individuals, Hindu Undivided Families, partnership firms, or associations of persons within taxable territories, and provided to a business entity registered as a corporate body in the same territory, require a shared tax liability. The service provider and the service recipient each bear 50% of the service tax.
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