More Details about Valuation of Services and Reverse & Joint Charge Mechanism

General Information  
Author(s)CA Ashok Batra
PublisherCCH India
Publish YearSeptember 2013


With the introduction of Negative List regime, vide Finance Act 2012, now service tax is chargeable on almost all the services (except those covered under Negative List and Mega Exemption). However even earlier and after the 2012 amendments also, service tax is leviable on the value of services for which Service tax (Determination of Value) Rules, 2006 have been notified. Despite of these valuation rules there is a lot of confusion and controversy, leading to litigation on the issues whether a particular amount to be considered or not for the purposes of valuation, ultimately affecting the tax liability. Similarly before 2012 amendments, service tax liability under reverse charge mechanism was payable on services imported and few other services. However through Notifications brought out in 2012 Joint (partial) reverse charge mechanism was made applicable on many of the services, further adding to the already existing chaos / lack of clarity.This book is an endeavor by the author to explain and clarify the provisions relating to the above (Valuation of Services and Joint & Reverse charge) based on the latest judicial pronouncements and releases and through some light on the topic for better understanding of the readers.

Key Features:-

  • Comprehensive analysis of Valuation Rules
  • Provisions and Notifications concerning service tax under joint/reverse charge
  •  Latest Important SC & HC Judgments
  • Legislative history for easy reference to earlier provisions
  • Relevant Notifications, Circulars & Clarifications issued till date
  • Updated Law as amended by Finance Act 2013 with Legislative history