https://www.taxtmi.com/article/detailed?id=1853 Expansion of the reverse charge mechanism places tax liabilities on corporate service recipients for specified services, requiring identification, correct classification, distinct accounting heads and clear invoice narration to compute RCM liabilities. RCM applies where the recipient is a body corporate or business entity in the taxable territory and does not apply to individuals or non-business entities; specific issues arise for director fees, partner remuneration, works contracts, GTA services, manpower supply, rent-a-cab, legal consultancy and security services. Centralised registration, contract review and careful accounting are advised to avoid misclassification, recoveries and compliance exposure. en-us Mon, 13 Aug 2012 17:50:17 +0530 Mon, 13 Aug 2012 17:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1853 Expansion of the reverse charge mechanism places tax liabilities on corporate service recipients for specified services, requiring identification, correct classification, distinct accounting heads and clear invoice narration to compute RCM liabilities. RCM applies where the recipient is a body corporate or business entity in the taxable territory and does not apply to individuals or non-business entities; specific issues arise for director fees, partner remuneration, works contracts, GTA services, manpower supply, rent-a-cab, legal consultancy and security services. Centralised registration, contract review and careful accounting are advised to avoid misclassification, recoveries and compliance exposure. Articles Service Tax Mon, 13 Aug 2012 17:50:17 +0530 https://www.taxtmi.com/article/detailed?id=1853