TaxTMI 
TaxTMI 
Service Tax on reverse charge method - reg.
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....ervice Tax on reverse charge method - reg.<br> Query (Issue) Started By: - vinay wakde Dated:- 18-7-2012 Last Reply Date:- 23-7-2012 Service Tax<br>Got 6 Replies<br>Service Tax<br>The service recipient has to pay service tax on reverse charge method w.e.f. 01.07.2012 on various catagory of the services. kindly clarify whether the catagory of the services on which service tax to be paid on reverse ....
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....charge method is required to be included in existing service tax registration certificate by the assessee before actual payment. Regards, VINAY Reply By Vijay Chitte: The Reply: Yes, w.e.f. 01.07.2012 there is only one A/c. head for all taxable services is "Other than in the negative list" and department will issue ST-2 with only one accounting code therefore, ST has to be paid for all categor....
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....y of service in one account head. Reply By vinay wakde: The Reply: My query is whether all the catagory of services on which we shall be paying service tax on reverse charge method w.e.f. 01.07.2012 is required to be added in existing service tax registration certificate? or otherwise. Regards, VINAY Reply By Vijay Chitte: The Reply: No, you need not to amend ST-2 category wise, even there....
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.... is no provision to amend ST-2 category wise, But, you have to amend the ST-2. When you apply for amendment of ST-2 in ACES, there is only one category will be display in this site that is "Other than in the negative list" , So, now from 01.07.2012 there is only one A/c. head for all the taxable services, simply you have to select this head and amend the same. Thanks Vijay Chitte (M) 99130 1095....
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....4 Reply By Debtosh Dey: The Reply: I am not clear on "Manpower Supply" service as to whether (1) tax is payable on wages part also (2) Cenvat can be availed on reverse-charge basis (if provider pays 25% tax and recipient 75%, is Cenvat allowed to recipient on 100% tax ? If not what is the logic ?) Regards Debtosh Dey Reply By JAMES PG: The Reply: Cenvat credit on manpower supply is eligible ....
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....on both portions, ie, 25% paid by service provider & 75% paid by service reciever, subject to the eligibility parameters of Cenvat Credit Rules Reply By rishi mohan: The Reply: From 01.07.2012 onwards department has made one accounting head. All taxable services shall be covered in it i.e "Other than in the negative list". Payment of service tax shall be made under one accounting head only. For ....
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....fresh registration department shall issue ST-2 for the same accounting head mentioning the category of services "Other than in the negative list"<br> Discussion Forum - Knowledge Sharing ....