Car lease rental
This query is : Resolved
12 January 2015
Dear Sir/Mam
Would you kindly requested to advice whether Car Lease Rental will cover under the ambit of Service Tax.
For Example : An employee of the ABC Ltd, renting its car to an company, will it cover under the service Tax and if he is renting a car to the partnership firm then what will the position. please provide the case law, if possible.
Would you kindly requested to advice whether Car Lease Rental will cover under the ambit of Service Tax.
For Example : An employee of the ABC Ltd, renting its car to an company, will it cover under the service Tax and if he is renting a car to the partnership firm then what will the position. please provide the case law, if possible.
12 January 2015
If renting a car to company 100% service tax will be paid by company(if abatement is applicable). In case of renting to firm no RCM is applicable.
Please see the link.
https://taxguru.in/service-tax/reverse-charge-mechanism-abatement-rate-chart-service-tax.html
Please see the link.
https://taxguru.in/service-tax/reverse-charge-mechanism-abatement-rate-chart-service-tax.html
12 January 2015
Thanks Raman Ji,
Can we take the cenvat benefit under Excise, please advice.
Regards
Rahul
Can we take the cenvat benefit under Excise, please advice.
Regards
Rahul
12 January 2015
Yes you can take it........
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