Easy Office
Easy Office

Renting of motor vehicles

This query is : Resolved 

18 April 2013 Whether reverse charge mechanism applicable for the following case:
A public ltd company hired a Tata Sumo for official purpose(for higher level employees guests, auditors,) and payment is done on monthly on the basis of a agreement entered into.

18 April 2013 applicable, renting of motor vehicle designed to carry passenger.
if services taken from:
individual/huf/partnership firm/AOP.
tax on abated value 100
tax on non abated value 40

option is yours to take the abatement or not.



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