27 April 2013
The service "Renting or hire of Motor vehicle designed to carry passengers" is covered under the reverse charge mechanism.
But this service is not covered specifically u/s 65(105) of Finance Act, 1994 i.e the 119 accounting codes. Please refer to the list here. (http://www.servicetax.gov.in/circular/st-circular12/st-circ-165-2012-annx.pdf)
Should the last service i.e "other services not covered by 119 above" used to pay the tax for this service?
Please confirm or let me know the accounting code for assigned to this service.