Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Saturday, August 11, 2012

Service Tax: Enlarged Scope of Reverse Charge Mechanism w.e.f. 7th August, 2012

Central Government has further enlarged the scope of Reverse Charge/Joint Charge Mechanism by adding the following services within its ambit w.e.f. 7th August, 2012.

(Notification No. 45/2012-ST and 46/2012-ST both dated 7th August, 2012)

Description of a service
Service Provider
Service Receiver
Nature of Charge
Percentage of  service tax payable by the person providing service
Percentage of service tax payable by the person receiving the service
Services provided or agreed to be provided by a director of a company to the said company
Reverse Charge
Security Services*
Individual/HUF/ partnership firm/AOP
Business Entity registered as body corporate
Joint Charge
*“security services” means services relating to the security of any property, whether movable or immovable, or of any person, in any manner and includes the services of investigation, detection or verification, of any fact or activity.

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