02 January 2015
Co. entered in contract with a individual for providing commercial vehicles (including Driver and fuel) for carrying goods for which contractor charged the rate per trip. E.g. contract for 50 trips in a month is 100000/-.
I want to know the service tax implication on such transaction on service provider as well as service receiver
02 January 2015
Service provider need not pay any service tax but service receiver has to pay 12.36% on rent excluding fuel and driver payment.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
THANKS FOR YOUR REPLY. SIR, CAN YOU CONFIRM THE SECTION OR RULE OR NOTIFICATION IN WHICH IT IS COVERED UNDER REVERSE CHARGE AND METHOD OF CALCULATION OF VALUE.