04 June 2013
Service provider raised bill for carrying of passenger on cab (Covered under Rent a Cab Service)and have not charged service tax on Bill. For example Invoice value is 10,000 Service Tax Nil Total Invoice Value 10,000
Q1 Whether invoice value is abated value or Non abated value Q2 Whether Service receiver require to pay full amount of service Tax on Invoice value or 40% of Invoice value
Status of Service Provider- Individual/Firm Status of Service receiver- Company
05 June 2013
Hi, Ans 1) It is abated value Ans 2) Service receiver has to pay Service tax on full invoice value(i.e on 100%) In your case Reverse charge is applicable
for more details visit: https://www.caclubindia.com/articles/reverse-charge-methodology-under-service-tax-16364.asp
CAclubindia
