Hi all,
We are a ltd company, for employees as a package benefit we are offering car lease as a part of the package to them. generally we used to pay them to their spouse/mother name (on whose name the contract has been prepared). now as per the new service tax amendments we have to pay service tax for these!!?? my questions are:
1.whether we have to pay service tax?? if yes is it either 100% or 40% (aftering considering 60% abatement)
2.if it is so whether we have to get the service tax nos of those persons?? (if yes we have to ask them to register for service tax!! don't think for employees its possible for them to get service tax regn on their spouse names!!)
3. whether we can take cenvat credit of the same??
I searched the entire forum but not able to get answers for all the above so iam posting this question,
thanks in advance
Meyyappan.S
CAclubindia
