Renting of motor vehicles
This query is : Resolved
sagar.polu
(Querist)
18 April 2013
Whether reverse charge mechanism applicable for the following case:
A public ltd company hired a Tata Sumo for official purpose(for higher level employees guests, auditors,) and payment is done on monthly on the basis of a agreement entered into.
A public ltd company hired a Tata Sumo for official purpose(for higher level employees guests, auditors,) and payment is done on monthly on the basis of a agreement entered into.
CA Vikas Acharya
(Expert)
18 April 2013
applicable, renting of motor vehicle designed to carry passenger.
if services taken from:
individual/huf/partnership firm/AOP.
tax on abated value 100
tax on non abated value 40
option is yours to take the abatement or not.
if services taken from:
individual/huf/partnership firm/AOP.
tax on abated value 100
tax on non abated value 40
option is yours to take the abatement or not.
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