The base rate is the minimum amount of earnings that the employee is to receive. The employee may earn additional money by working overtime or by earning incentive bonuses. The amount of money that the employee earns when she works overtime does not increase her base pay amount.
In case of Reverse Charge mechanism the service receiver is either required to pay the whole amount of service tax or part of the amount of service tax.Say for example in case of works contract the service recipient is required to pay 50% of the amount of service tax.n case abatement is applicable then the service tax is not payable on the whole amount of bill. Say for example in case of GTA (goods Transport Agency) the taxable rate is 25% (i.e 75% abatement is allowed).
Supply of services. Customer liable in OMS under a reverse charge mechanism if goods are dispatched out of Ireland and customer quotes own OMS VAT number. If goods remain in Ireland or if OMS VAT number not quoted, then processor liable in Ireland at rate applicable to the supply of goods in their finished state.n the case of a performer registered for VAT in another Member State supplying services to a promoter established in the State the place of supply of the service will be the State and the promoter will account for any VAT due on a reverse charge basis.