Service tax 4.94 %

This query is : Resolved 

12 September 2012 we have received a bill of car hire charges. the owner is proprietor. and he has charges 4.94 % ser charges.

i just wanted to know is it correct invoice with 4.94% service tax.

12 September 2012 The Correct rate is 4.944% (40% of 12.36%).
The rate is applicable only if service receiver is a body corporate and provider is not a body corporate



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