Reverse charge

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Querist : Anonymous (Querist)

22 May 2013 What is Rent a Cab service ???
What id abadement ???

CA Vikas Acharya

CA Vikas Acharya (Expert)
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25 May 2013 organisation these days hires cab on rental basis for use of commuting of their employees.
payment is made on the basis of days used at the month end.

60% abatement. tax on value of 40% value of bill.
-notification : 26/2012 point 9.

there's also reverse charge if service taken from individual,huf,aop,partnership firm, llp
by a body corprorate.
for details on reverse charge refer notification 30/2012

Note: Notification is easily available on google. jst type the no. and words service tax.

Querist : Anonymous

Querist : Anonymous (Querist)

26 May 2013 What is the difference between vehicle hire charges and rent a cab service ????

CA Vikas Acharya

CA Vikas Acharya (Expert)
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27 May 2013 there is no categories at all these days.
as 65(105) has been deleted now.

both are taxable on the basis of 66E(f), i.e, declared service.

reverse charge is
in respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers on abated value to any person who is not engaged in the similar line of business.

abatement of 60% is
on Renting of any motor vehicle designed to carry passengers

conclusion is vehicle is a big term and abatement and reverse charge is only in respect of specific motor vehicle as mentioned above

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