Reverse charge
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 May 2013
What is Rent a Cab service ???
What id abadement ???
What id abadement ???
25 May 2013
organisation these days hires cab on rental basis for use of commuting of their employees.
payment is made on the basis of days used at the month end.
60% abatement. tax on value of 40% value of bill.
-notification : 26/2012 point 9.
there's also reverse charge if service taken from individual,huf,aop,partnership firm, llp
by a body corprorate.
for details on reverse charge refer notification 30/2012
Note: Notification is easily available on google. jst type the no. and words service tax.
payment is made on the basis of days used at the month end.
60% abatement. tax on value of 40% value of bill.
-notification : 26/2012 point 9.
there's also reverse charge if service taken from individual,huf,aop,partnership firm, llp
by a body corprorate.
for details on reverse charge refer notification 30/2012
Note: Notification is easily available on google. jst type the no. and words service tax.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 May 2013
What is the difference between vehicle hire charges and rent a cab service ????
27 May 2013
there is no categories at all these days.
as 65(105) has been deleted now.
both are taxable on the basis of 66E(f), i.e, declared service.
reverse charge is
in respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers on abated value to any person who is not engaged in the similar line of business.
abatement of 60% is
on Renting of any motor vehicle designed to carry passengers
conclusion is vehicle is a big term and abatement and reverse charge is only in respect of specific motor vehicle as mentioned above
as 65(105) has been deleted now.
both are taxable on the basis of 66E(f), i.e, declared service.
reverse charge is
in respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers on abated value to any person who is not engaged in the similar line of business.
abatement of 60% is
on Renting of any motor vehicle designed to carry passengers
conclusion is vehicle is a big term and abatement and reverse charge is only in respect of specific motor vehicle as mentioned above
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