Rverse charge mechanism/ partial reverse charge

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2012 If any Pvt. Ltd. Comapny Receives Bill From Service Provider as Renting of Motor Vehicle in following manner

Bill Amount:- 5000/-
Service Tax on
Abated Value (4.94%) 247/-

..........
Total 5247/-

So My Question is what is Tax Liability of Pvt. Ltd. Comapny as a service receiver under reverse charge mechanism or Partial reverse charge mechanism.

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
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02 October 2012 Total service tax of 247 shall be borne by service receiver (body corporate) in case of abated value.

CA Suresh Jain

CA Suresh Jain (Expert)
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02 October 2012 12.36% of abated value is to be borne by service receiver in addition to the service tax charged by service provider

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CA Nikhil Jhanwar

CA Nikhil Jhanwar (Expert)
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02 October 2012 Since invoice is raised on abated value, full revercharge shall apply...Service receiver is liable to pay Rs. 247 to Govt. No further liability.