https://www.taxtmi.com/article/detailed?id=1765 Reverse charge reallocates service tax payment responsibility for notified services by naming supplier and recipient classes and prescribing proportionate allocation of tax liability. Parties must compute total tax on the taxable value and apportion according to the prescribed ratio; invoices must disclose total tax and the receiver's share; each party may utilise Cenvat credit subject to the Cenvat Credit Rules, 2004, with timing issues where payment follows invoicing. If the supplier validly claims threshold exemption the tax is not payable; a small receiver remains liable and must register and pay under reverse charge. en-us Mon, 11 Jun 2012 10:32:49 +0530 Mon, 11 Jun 2012 10:32:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1765 Reverse charge reallocates service tax payment responsibility for notified services by naming supplier and recipient classes and prescribing proportionate allocation of tax liability. Parties must compute total tax on the taxable value and apportion according to the prescribed ratio; invoices must disclose total tax and the receiver's share; each party may utilise Cenvat credit subject to the Cenvat Credit Rules, 2004, with timing issues where payment follows invoicing. If the supplier validly claims threshold exemption the tax is not payable; a small receiver remains liable and must register and pay under reverse charge. Articles Service Tax Mon, 11 Jun 2012 10:32:49 +0530 https://www.taxtmi.com/article/detailed?id=1765