Notification No. 15/2012-Service Tax-ST dated -17-03-2012 on Reverse Charge Mechanism

 Service tax on reverse charge mechanism under section 68(2)
(Notification No. 15/2012-Service Tax-ST dated -17-03-2012,  shall come into force from the date on which section 66B of the Finance Act, 1994comes into effect )

The extent of service tax payable by the person who receives the service and the person who provides the service for the taxable services shall be as specified in the following Table, namely:-

Table Sl.No.	Description of a service	Percentage of service tax payable by the person providing service	Percentage of service tax payable by the person receiving the service
1	In respect of services provided or agreed to be provided by an insurance agent to any person carrying on insurance business	Nil	100%
2	In respect of services provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road	Nil	100%
3	in respect of services provided or agreed to be provided by way of sponsorship	Nil	100%
4	In respect of services provided or agreed to be provided by an arbitral tribunal	Nil	100%
5	In respect of services provided or agreed to be provided by individual advocate	Nil	100%
6	In respect of services provided or agreed to be provided by way of support service by Government or local authority	Nil	100%
7	(a)  In respect of services provided or agreed to be     provided by way of renting or hiring any motor vehicle designed to carry passenger on abated value.	Nil	100%
	(b) In respect of services provided or agreed to be provided by way of renting or hiring any motor vehicle designed to carry passenger on non abated value.	60%	40%
8	In respect of services provided or agreed to be provided by way of supply of manpower for any purpose	25%	75%
9	In respect of services provided or agreed to be provided by way of works contract	50%	50%
10	In respect of any taxable services provided or agreed to be provided by any person who is located in a non-taxable territory and received by any person located in the taxable territory	Nil	100%

2.   Person who pays or is liable to pay freight either himself or through his agent for the transportation of goods by road in goods carriage, located in the taxable territory shall be treated as the person who receives  the service for the purpose of this notification.