Jagdish Pant (Dy. Manager Accounts) (26 Points)
06 October 2013
Deepak Gupta
(CA Student)
(15922 Points)
Replied 06 October 2013
| Originally posted by : Jagdish Pant | ||
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We (corporate) are in receipt of invoice from taxi operator who is non corporate.Shall we liable to deposit service tax under reverse charge mechanism. |
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Yes, if you are not in similar line of business.
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In both situations, i.e., whether the cab/taxi vendor has claimed abatement or not, your liability would be 12.36% of 40% of total service value.
satya
(Executive Excise)
(1839 Points)
Replied 07 October 2013
CAclubindia
