Car hire charges
This query is : Resolved
10 October 2012
suppose a proprietor providing car hire services has charged st as follows:
Basic value 4923
ST @ 4.944% 243.94
Net payable 5172.94
In this case how much is the service receiver liable to pay?
Please help!!!!!!
Basic value 4923
ST @ 4.944% 243.94
Net payable 5172.94
In this case how much is the service receiver liable to pay?
Please help!!!!!!
10 October 2012
first tell me how hace you arrived at this 4.944%
10 October 2012
it is the abated value i.e. 40% of 12.36%
10 October 2012
according to me as per the new rules,its the service receipient who has to pay tax on 40% on the value of bill..
if however the sevice provider wants to avail cenvat credit,he is to pay tax on 60% on the gross total value and the servive recepient has to pay tax on 40% of gross toatl value
if however the sevice provider wants to avail cenvat credit,he is to pay tax on 60% on the gross total value and the servive recepient has to pay tax on 40% of gross toatl value
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