Service tax rate on car hiring charges

This query is : Resolved 

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

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%

18 April 2012 Hi Brijesh

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


18 April 2012 Hi Brijesh

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

18 April 2012 I am sorry second sentence was inadvertently miscalculated, now corected.....



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries