Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

September 2012

Security Services & Services provided by Directors under partial reverse charge mechanism – Notification No. 45/2012-ST & 46/2012 – ST both dtd. 07.08.20112

By Tarun Ghia, Brijesh Cholera, Pratik Mehta Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d
Notification no. 45/2012-ST has amended Notification No. 30/2012-ST dtd. 20-06-2012, by adding the following two more services under partial reverse charge mechanism:

(a) Services provided or agreed to be provided by director of a company to the said company: 100% of the service tax payable by the person receiving services;
(b) Security services provided or agreed to be provided by an Individual, HUF, partnership firm or association of persons to a business entity registered as a body corporate : 25% of the service tax payable by person providing service & 75% of service tax payable by person receiving service.

The term “Security Services” has been defined vide Notification No. 46/2012 as 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.

Download PDF

You May Also Like

Reg. Bovine Animals Notification No. 44/2012 – ST – dtd. 07.08.2012

Automatic cancellation of unilateral assessment order – Trade Circular No. 12T of 2012 dated 01.08.2012