Motor car taken on hiring from director
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2012
Company has taken Motor Car on hire from Director.
What will be service Tax liability from point of view of director and company??
What will be service Tax liability from point of view of director and company??
12 October 2012
in case of rent of motor vehicle provided by director (individual) to a co. the same would fall under reverse charge and incidence of service tax would depend on whether billing is made on abated wherein 100% tax is borne by service receiver or non-abated value where 60% service tax is paid by service provider and 40% by service recipient...
Hope this would have resolved the issue...
Hope this would have resolved the issue...
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