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Car lease rental servc tax

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(Querist)
31 July 2014 when an employee leases his car to his company fr a fixed amt of lease rent.. what are the service tax liabilities on d company and the employee? reply reqd urgent
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Ganeshbabu K

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Ganeshbabu K (Expert)
01 August 2014 no problem for employee
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But employer suppose to pay 40% of service tax to department under reversecharge mechanism

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