sathees kumar a (Accounts Officer) (37 Points)
25 October 2013
Sameer
(.)
(252 Points)
Replied 25 October 2013
Liability of service tax will be as under : -
| Percentage of service tax payable by the person providing service | Percentage of service tax payable by the person receiving the service | |||
| In case abetment is claimed | Nil | 40% | ||
| In case NO abatement claimed | 60% | 40% | ||
In case abetment is claimed NO CENVAT credit of service Tax will be allowed against input service to the output Service Provider
In case NO abatement is claimed i.e. tax is paid on 60 % value @ 12.36% then CENVAT credit of input services will be allowed to the output Service Provider
NO CENVAT credit of Service Tax will be allowed to the person who is availing "Rent a Cab" Service
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