Service tax rate on car hiring charges

This query is : Resolved

BRIJESH KUMAR PANDEY (Querist)
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18 April 2012 Dear sir,
we have hired a car for company on monthly basis, Please suggest that what rate of service tax he will charged on invoice of hiring charges.

Brijesh Pandey

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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18 April 2012 This service is taxable under rent-a cab service on which abatement of 60% is provided. Therefore, effective rate of tax is 12% X .40= 4.8%

Narasimha

Narasimha (Expert)
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18 April 2012 Hi Brijesh

The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill

Narasimha

Narasimha (Expert)
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18 April 2012 Hi Brijesh

The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill

CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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18 April 2012 I am sorry second sentence was inadvertently miscalculated, now corected.....

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