Reverse Charge Mechanism added for new services in budget 2015

Manpower supply and security services when provided by an individual, HUF, or partnership firm to a body corporate are being brought to full reverse charge.

Services provided by,-

1. (i)  mutual fund agents, mutual fund distributors; and
   
2. (ii)  agents of lottery distributor
   

are being brought under reverse charge consequent to withdrawal of the exemption on such services. Accordingly, Service Tax in respect of mutual fund agent and mutual fund distributor services shall be paid by the assets management company or, as the case may be, by the mutual fund receiving such services. In respect of agents of lottery, Service Tax shall be paid by the distributor of lottery.
This above changes in reverse charge mechanism will come into effect from the 1st day of April, 2015.