Rent car/bus
This query is : Resolved
12 August 2012
sir i want to know what is treatment for bus/rent for service tax under reverse charge mechanism for non abated value
contraster is showing 4.94 service tax
(40% of basic amount)
so i want to know this reverse charge mech i.e.60% for provider of service and 40% for recipient of service .then service tax i.e.4.94% have to devided in 60% and 40% (i.e.2.964 % for provider and 1.976% for recipient)please elaborate with 100 Rs Examples
Thanks and regards
Sharad Jadhav
contraster is showing 4.94 service tax
(40% of basic amount)
so i want to know this reverse charge mech i.e.60% for provider of service and 40% for recipient of service .then service tax i.e.4.94% have to devided in 60% and 40% (i.e.2.964 % for provider and 1.976% for recipient)please elaborate with 100 Rs Examples
Thanks and regards
Sharad Jadhav
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