Service tax rate on car hiring charges

This query is : Resolved  Report Abuse Subscribe
 


(Querist)


18 April 2012

Dear sir,
we have hired a car for company on monthly basis, Please suggest that what rate of service tax he will charged on invoice of hiring charges.

Brijesh Pandey


CA Nikhil Jhanwar (Expert)


18 April 2012

This service is taxable under rent-a cab service on which abatement of 60% is provided. Therefore, effective rate of tax is 12% X .40= 4.8%


Narasimha (Expert)


18 April 2012

Hi Brijesh

The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill


Narasimha (Expert)


18 April 2012

Hi Brijesh

The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill


CA Nikhil Jhanwar (Expert)


18 April 2012

I am sorry second sentence was inadvertently miscalculated, now corected.....



You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now


Similar Resolved Queries :








close x