Reverse charge method of service tax- further expansion in piecemeal manner- a major and wholesome inclusion of all small and less organized service providers is required for simplification and better control etc.

Reverse charge method of service tax- further expansion in piecemeal manner- a major and wholesome inclusion of all small and less organized service providers is required for simplification and better control etc. https://www.taxtmi.com/article/detailed?id=1852 Expansion of the reverse charge mechanism is proposed to transfer tax liability from many small, unorganized service providers to fewer, larger service receivers to improve collection, supervision, and CENVAT credit evidence. Recent notifications extend reverse charge to non employee director payments and specified security services while preserving negative list exclusions for employees. A critique warns that some services paid for by large receivers remain non cenvatable, imposing cash flow and compliance burdens despite reverse charge payment obligations, calling for a comprehensive policy rather than incremental additions. en-us Mon, 13 Aug 2012 09:50:59 +0530 Mon, 13 Aug 2012 09:50:59 +0530 TaxTMI RSS Generator Reverse charge method of service tax- further expansion in piecemeal manner- a major and wholesome inclusion of all small and less organized service providers is required for simplification and better control etc. https://www.taxtmi.com/article/detailed?id=1852 Expansion of the reverse charge mechanism is proposed to transfer tax liability from many small, unorganized service providers to fewer, larger service receivers to improve collection, supervision, and CENVAT credit evidence. Recent notifications extend reverse charge to non employee director payments and specified security services while preserving negative list exclusions for employees. A critique warns that some services paid for by large receivers remain non cenvatable, imposing cash flow and compliance burdens despite reverse charge payment obligations, calling for a comprehensive policy rather than incremental additions. Articles Service Tax Mon, 13 Aug 2012 09:50:59 +0530 https://www.taxtmi.com/article/detailed?id=1852