Service tax on travel agent & car hiring
This query is : Resolved
10 July 2013
HI ALL
ONE OF MY FRIEND IS TRAVEL AGENT. HE OWNING 4 CARS.
RECENTLY HE HAS TAKEN SERVICE TAX NUMBER
I WANT TO KNOW THE RATES CHARGE WHILE HIRING CAR FROM MARKET & RATES WHILE USING OWN CARS IN MARKET.
I HEARED THAT THERE WAS 60% ABATEMENT ON GROSS BILL. KINDLY EXPLAIN EXACT RULE BRIEFLY
THANKS
ONE OF MY FRIEND IS TRAVEL AGENT. HE OWNING 4 CARS.
RECENTLY HE HAS TAKEN SERVICE TAX NUMBER
I WANT TO KNOW THE RATES CHARGE WHILE HIRING CAR FROM MARKET & RATES WHILE USING OWN CARS IN MARKET.
I HEARED THAT THERE WAS 60% ABATEMENT ON GROSS BILL. KINDLY EXPLAIN EXACT RULE BRIEFLY
THANKS
10 July 2013
The percentage of service tax will be 40% on gross billed amount after abatement @60%. This abatement is optional and if it is taken, no CENVAT Credit will be available.
11 July 2013
thanks Mr. Anuragji
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
