Car hire charges
This query is : Resolved
10 October 2012
suppose a proprietor providing car hire services has charged st as follows:
Basic value 4923
ST @ 4.944% 243.94
Net payable 5172.94
In this case how much is the service receiver liable to pay?
Please help!!!!!!
Basic value 4923
ST @ 4.944% 243.94
Net payable 5172.94
In this case how much is the service receiver liable to pay?
Please help!!!!!!
10 October 2012
first tell me how hace you arrived at this 4.944%
10 October 2012
it is the abated value i.e. 40% of 12.36%
10 October 2012
according to me as per the new rules,its the service receipient who has to pay tax on 40% on the value of bill..
if however the sevice provider wants to avail cenvat credit,he is to pay tax on 60% on the gross total value and the servive recepient has to pay tax on 40% of gross toatl value
if however the sevice provider wants to avail cenvat credit,he is to pay tax on 60% on the gross total value and the servive recepient has to pay tax on 40% of gross toatl value
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
