The Reverse Charge was introduced in Service Tax vide Budget of the year 2005-2006. At that point of time there was only one service whic...
The Reverse Charge was introduced in Service Tax vide Budget of the year 2005-2006. At that point of time there was only one service which was covered under Reverse Charge. However, with the passage of time this list has been expanded and at present this list contains 11 services into it which covers both Reverse Charge and Partial Reverse Charge.
Reverse charge in service tax means that instead of service provider service receiver is liable to deposit tax to department. In partial reverse charge service provider and service receiver both are liable to deposit service tax at prescribed rates.
Service tax deposit due date under reverse charge /point of taxation in reverse charge is explained here.
Notification 30/2012 and other details about reverse charge Mechanism is available here
A Presentation on Reverse Charge & Joint/Partial reverse Charge is provided below for your ready reference.