Applicability of st on cab hire

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2015 Dear expert
my company sales officer usually hired the cab from travel agency. please tell me what will be ST liability on cab hire...

thanks in advance

Mohan Babu.L

Mohan Babu.L (Expert)
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09 September 2015 Hi,
Based on REVERSE CHARGE IN SERVICE TAX WEF 01.07.2012 NEW NOTIFICATION 30-2012...

40%(50% wef 01.10.2014) [Percentage of service tax payable by the person receiving the service] &

60%(50% wef 01.10.2014) [Percentage of service tax payable by the person providing service]

Good Luck...

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2015 Dear sir
plz tell me the company will pay rs 26800 to travel agency. how much ST the the company have to pay...

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Mohan Babu.L

Mohan Babu.L (Expert)
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09 September 2015 Hi,
Your company has to pay Rs. 1501/- as recipient liability. The calculation goes like this. [26,800 x 14% ST x 40% {as you are the service receiver}]
Good Luck..

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2015 and on 60% amount the trvel agengy will pay...right...

Mohan Babu.L

Mohan Babu.L (Expert)
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09 September 2015 Right the balance will be paid by the travel agency..