Reverse charges mechanism
Querist : Anonymous
I have a doubt regarding Reverse Charge on Rent a Cab services. According to me there are two cases i.e. Abatement or Non abatement, Accordingly rates are different for these two cases.
i.e. Abatement - 40% of Service Tax 14%
Non Abatement - 50% of Service Tax 14% (w.e.f 01-10-2014)
So i want to that m i right or wrong for these rates as mentioned !!!!
if abated value then for service provider it is nil and for service reciver it is 100%
for non abated value it is 50 -50% notification number 10/2014 -st dated 1.10.2014
service tax rate is 50% in both case
Querist : Anonymous
100% means that the Liability of Service Receiver is 40% on Service Tax 14% ????
Querist : Anonymous
Pls Reply...
To simplify no service tax to be payable by service provider and service receiver has to pay 100% service tax after abatement of 60%.
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