My Client is a Private Limited Company and we have received a bill of renting of Cab from a proprietorship firm but the bill is made on the basis of per km rate (Exclusive of Diesel Charges)
In this case, service tax liability is of company but my question is whether my company will be eligible for the abatement of 60% as per the relevant notification.
20 January 2016
Yes it is not the company who should be eligible but the provide should be however in this case provider is not charging service tax hence full charge on company on 40% value under revers charge
CAclubindia
