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)
S.No. | 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 |
1. | Services provided or agreed to be provided by a director of a company to the said company | Director | Company | Reverse Charge | Nil | 100 |
2. | Security Services* | Individual/HUF/ partnership firm/AOP | Business Entity registered as body corporate | Joint Charge | 25 | 75 |
*“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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