Abated value

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2013 Dear Expert,

I am new to Service Tax Matter. Was goimg through RCM Notification no 30/12 where point no 7 says Rent/ Hiring of any motor vehicle designed to carry passenger on "abated value = 100%" & "Non Abated
Value= 40%" I want to know what Abated Value means? Any fixed amount value is given for Abated & Non abated Value? Please Help.

Arun Kumar Singh

Arun Kumar Singh (Expert)
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20 March 2013 In respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers is not registered under service tax then recipient will pay the service tax on 100% value. If service provider is registered under service tax then they will pay the Service tax on 60% of the total value and recipient will pay the service tax on 40% of the total value.

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