SUPPORT SERVICE BY GOVERNMENT, LOCAL AUTHORITIES ETC. WILL BE TAXABLE UNDER REVERSE CHARGE METHOD- A MAJOR BURDEN ON SERVICE RECEIVERS AND LIKELY REVENUE LOSS. SERVICE PROVIDERS MUST BE TAXABLE IN SUCH CASES.

SUPPORT SERVICE BY GOVERNMENT, LOCAL AUTHORITIES ETC. WILL BE TAXABLE UNDER REVERSE CHARGE METHOD- A MAJOR BURDEN ON SERVICE RECEIVERS AND LIKELY REVENUE LOSS. SERVICE PROVIDERS MUST BE TAXABLE IN SUCH CASES. https://www.taxtmi.com/article/detailed?id=1747 The Finance Bill, 2012 broadens service tax charge by including Government and Local Authority within "person" and defining "support services," and proposes a levy under Section 66B on taxable services; concurrent notifications widen the reverse charge mechanism so that services rendered by government and local authorities will be taxed in the hands of the service recipient, shifting collection responsibility to recipients and raising administrative, compliance, and revenue concerns pending enactment and presidential assent. en-us Tue, 29 May 2012 07:52:03 +0530 Tue, 29 May 2012 07:52:03 +0530 TaxTMI RSS Generator SUPPORT SERVICE BY GOVERNMENT, LOCAL AUTHORITIES ETC. WILL BE TAXABLE UNDER REVERSE CHARGE METHOD- A MAJOR BURDEN ON SERVICE RECEIVERS AND LIKELY REVENUE LOSS. SERVICE PROVIDERS MUST BE TAXABLE IN SUCH CASES. https://www.taxtmi.com/article/detailed?id=1747 The Finance Bill, 2012 broadens service tax charge by including Government and Local Authority within "person" and defining "support services," and proposes a levy under Section 66B on taxable services; concurrent notifications widen the reverse charge mechanism so that services rendered by government and local authorities will be taxed in the hands of the service recipient, shifting collection responsibility to recipients and raising administrative, compliance, and revenue concerns pending enactment and presidential assent. Articles Service Tax Tue, 29 May 2012 07:52:03 +0530 https://www.taxtmi.com/article/detailed?id=1747