Applicability of st on cab hire
Querist : Anonymous
my company sales officer usually hired the cab from travel agency. please tell me what will be ST liability on cab hire...
thanks in advance
Based on REVERSE CHARGE IN SERVICE TAX WEF 01.07.2012 NEW NOTIFICATION 30-2012...
40%(50% wef 01.10.2014) [Percentage of service tax payable by the person receiving the service] &
60%(50% wef 01.10.2014) [Percentage of service tax payable by the person providing service]
Good Luck...
Querist : Anonymous
plz tell me the company will pay rs 26800 to travel agency. how much ST the the company have to pay...
Your company has to pay Rs. 1501/- as recipient liability. The calculation goes like this. [26,800 x 14% ST x 40% {as you are the service receiver}]
Good Luck..
Querist : Anonymous
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