10 August 2012
we have 2 service provides giving cab services used for official purposes. one is not charging anything and another is charging service tax on 40% the base value.
with ref notfn.30/2012 (ST). how much is our liability and can we take credit of St
10 August 2012
40% liability is on service receiver. 60% is on service provider. You can take credit for the same or claim as expenses as per your choice.
10 August 2012
40% of the service tax payable shall be born by you. 4.944 for every rs.100 billed by service provider. (many apeople round it off to 4.95%)
CAclubindia
