We are receiving the services of vehicle hiring. The invoice value for the same is say, Rs. 100 As a service receiver what is the amount of service tax we are liable to pay. Please also provide the respective notification no. and Sl. no. under which it will be covered.
30 August 2013
Relevent Notification no. is 026/2012-ST for Abatement and also refer notification no. 30/2012-ST for 60-40 ratio for Service provider and Service receiver respectively.
If service provider has availed abatement then; Rs. 100*40%*12.36%= Rs. 4.94
If we are not aware that whether the service provider has availed abatement or not, then as a service receiver what is the service tax liability in said example
CAclubindia
