Car hiring service
This query is : Resolved
24 December 2013
Reverse charge in renting or hire of Motor vehicle designed to carry passengers
1)Reverse charge when renting to a person who is not in similar line of business.
2)Service Provider should be HUF, Individual, firm
3)Service receiver – Business entity registered as body corporate
4)Tax on 40%, if Cenvat credit is not availed by the service provider – No Cenvat credit in most of the cases – hence cost to company.
1)Reverse charge when renting to a person who is not in similar line of business.
2)Service Provider should be HUF, Individual, firm
3)Service receiver – Business entity registered as body corporate
4)Tax on 40%, if Cenvat credit is not availed by the service provider – No Cenvat credit in most of the cases – hence cost to company.
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