https://www.taxtmi.com/forum/issue?id=3993 Reverse charge liability applies where the service provider is a Proprietary concern, Firm, LLP or AOP and the recipient is a company, with specified proportionate allocations: renting/hiring of motor vehicles (receiver bears larger share with abatement, otherwise full receiver liability), manpower supply (majority by receiver) and works contracts (50:50 split). Valuation for works contracts is to be based on books and documents, or, if not possible, a prescribed percentage of the contract value, and tax and cesses are computed on that taxable component before apportioning deposit obligations under reverse charge. en-us Thu, 05 Apr 2012 14:29:09 +0530 Thu, 23 Jan 2025 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3993 Reverse charge liability applies where the service provider is a Proprietary concern, Firm, LLP or AOP and the recipient is a company, with specified proportionate allocations: renting/hiring of motor vehicles (receiver bears larger share with abatement, otherwise full receiver liability), manpower supply (majority by receiver) and works contracts (50:50 split). Valuation for works contracts is to be based on books and documents, or, if not possible, a prescribed percentage of the contract value, and tax and cesses are computed on that taxable component before apportioning deposit obligations under reverse charge. Discussion-Forum Service Tax Thu, 05 Apr 2012 14:29:09 +0530 https://www.taxtmi.com/forum/issue?id=3993