How to identify status of Service Provider?
DUE to increased scope of Reverse Charge by Notification No. 30/2012-ST, now every time, for each invoice, it is very important to identify the status of service provider, for discharging the service tax liability under reverse charge . Now Compliance has increased and it is more than mere checking the bill.
But then, how to identify the status of Service Provider?
This can be verified from the PAN of the service provider and PAN is quoted on invoice of service provider, as Service Tax Registration number is PAN based. One has to see the 4th letter of the Service Tax Registration No., for identifying the status of service provider. The table below shows, what 4th Letter of PAN denotes -
If 4th Letter of PAN/ST registration is - | Status of Service Provider |
|---|---|
P | Individual |
H | HUF |
F | Partnership Firm |
C | Company |
T | Trust |
B | Body of Individual |
A | Association of Person |
L | Local Authority |
G | Government |
J | Judicial Artificial Person |
[DDT gratefully acknowledges this contribution by CA Swapnil Munot]