https://www.taxtmi.com/article/detailed?id=1675 The Budget 2012 amendment and Notification dated 17-03-2012 impose a reverse charge mechanism for specified services, shifting tax liability to the service recipient to the extents listed; for works contract service the notification prescribes a 50:50 liability split between contractor and contractee. A practical problem arises when the parties to a single works contract adopt different tax computation schemes (composite versus actual labour and services), creating uncertainty about how the equal apportionment is to be determined and whether contract bifurcation or other criteria should be applied pending further clarification from the tax authority. en-us Sun, 25 Mar 2012 15:31:57 +0530 Sun, 25 Mar 2012 15:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1675 The Budget 2012 amendment and Notification dated 17-03-2012 impose a reverse charge mechanism for specified services, shifting tax liability to the service recipient to the extents listed; for works contract service the notification prescribes a 50:50 liability split between contractor and contractee. A practical problem arises when the parties to a single works contract adopt different tax computation schemes (composite versus actual labour and services), creating uncertainty about how the equal apportionment is to be determined and whether contract bifurcation or other criteria should be applied pending further clarification from the tax authority. Articles Service Tax Sun, 25 Mar 2012 15:31:57 +0530 https://www.taxtmi.com/article/detailed?id=1675