Greetings to everyone,
Can anyone suggest the treatment of Applicability of Service tax on hiring of scorpio on monthly basis?
Whether RCM or NCM and related treatment.
Thanks in advance.
1 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 11 August 2015
Yeah RCM would be applicable if service is provided by an individual/HUF/Firm/AOP, located in a taxable territory to a business entity registered as body corporate located in a taxable territory. With abatement, service receiver to pay 100% of ST and without abatement, service provider to pay 50% of ST and service receiver to pay balance.
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