Rishav (Sr. Executive) (35 Points)
27 June 2017I am a PVT LTD and have taken a RENT A CAB Service. The Provider charged Service Tax on 60% abated value and I paid Service tax on 40% value on reverse charge value. Should i take full 100% credit of the Service Tax paid?
What if the provider did not charge Service Tax at all and I deposited Service Tax on 40% abated value? What about the credit?
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 27 June 2017
Sorry ... there is no credit available on the rent a cab servoces
Rishav
(Sr. Executive)
(35 Points)
Replied 27 June 2017
How shall we have to pay Service Tax on Rent a Cab? reverse charge ?
Vineet Aggarwal
(Accounts Officer)
(316 Points)
Replied 27 June 2017
if he has not charged the service tax than u have to pay under RCm but cannot take the credit of the same.
Rishav
(Sr. Executive)
(35 Points)
Replied 27 June 2017
Can you please guide the whole rule or law regarding rent a cab service tax under RCM with proper percentage and credit?
As the provider has charged service tax at 60% value also. Please guide the whole law.
CAclubindia
