28 December 2015
There is a individual providing vehicle on renting to a body corporate under a contract. As this service comes under RCM body coprporate required to pay service tax. Contractor raises his bill as 18400*3 = 55200 Now contractor has not mentioned in his bill whether this value is abated or non abated
My question is Body corporate will pay service tax on 40% of 55200 (assuming abated value) OR 50% of 55200 (assuming non abated value)
CAclubindia
