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of <h1>India Implements Reverse Charge Mechanism for Service Tax from July 1, 2012; Recipients Bear Full Tax Liability</h1> The notification issued by the Government of India under the Ministry of Finance details the implementation of service tax on a reverse charge mechanism effective from July 1, 2012. It supersedes a prior notification from 2004 and specifies the taxable services and the extent of service tax payable by the service recipient. Key services include those provided by insurance agents, goods transport agencies, sponsorships, arbitral tribunals, individual advocates, and government support services, among others. The notification outlines that recipients of these services are liable to pay 100% of the service tax, except in certain cases like manpower supply and works contracts, where the tax is shared between providers and recipients.
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