Liability of service tax payment for service receiver in case of Reverse charge mechnisem under works contract https://www.taxtmi.com/forum/issue?id=4530 Under the Reverse Charge Mechanism for works contracts the service receiver is liable to pay service tax, is not eligible for the Rs.10 Lacs small-turnover exemption, must register for service tax, and must pay tax on the prescribed portion of contract value under the valuation rules and related notifications. en-us Thu, 16 Aug 2012 16:32:16 +0530 Thu, 23 Jan 2025 15:57:56 +0530 TaxTMI RSS Generator Liability of service tax payment for service receiver in case of Reverse charge mechnisem under works contract https://www.taxtmi.com/forum/issue?id=4530 Under the Reverse Charge Mechanism for works contracts the service receiver is liable to pay service tax, is not eligible for the Rs.10 Lacs small-turnover exemption, must register for service tax, and must pay tax on the prescribed portion of contract value under the valuation rules and related notifications. Discussion-Forum Service Tax Thu, 16 Aug 2012 16:32:16 +0530 https://www.taxtmi.com/forum/issue?id=4530