22 August 2013
a co is having lease agreement with their employees in which employee spouse is lessor & co is lessee. is there any service tax liablity arises under rent a cab service? does leasing covers the ambit of service tax?
22 August 2013
Leasing in this case is nothing but renting. The renting of motor vehicle by an individual to a body corporate is a service where recipient of service is required to pay service tax.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case