Financials for India - EBS (MOSC)

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Solution Approach for Reverse Charge Mechanism as Per Notification#15 & 30

edited Aug 26, 2012 6:45PM in Financials for India - EBS (MOSC) Question

Government of India, Ministry of Finance Vide Notification No. 15/2012 Service Tax dated 17th March 2012 had notified the list of taxable services and the extent of service tax payable thereon by the person liable to pay service tax on such specified services. Based on the above notification, the person who is receiving the service is liable for paying the service tax for specified services where as for listed services, the service tax liability need to be paid both by service provider and the person receiving the service. The percentages in which the service tax liability needs to be shared

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