Reverse charge mechanism
This query is : Resolved
24 January 2015
Respected Members,
If a company organization hire a car from a proprietorship vender only for 1 day or as and when required and the proprietorship vendor does not have service tax registration then in this case is it mandatory for company to pay service tax under RCM as car is hired only for one day and the vendor has not charged any service tax in invoice? If yes, then is it for abated value or non-abated value?
Please help................
If a company organization hire a car from a proprietorship vender only for 1 day or as and when required and the proprietorship vendor does not have service tax registration then in this case is it mandatory for company to pay service tax under RCM as car is hired only for one day and the vendor has not charged any service tax in invoice? If yes, then is it for abated value or non-abated value?
Please help................
25 January 2015
1)Yes if payment made to individual,then mandatory to pay service tax under RCM
2)RCM not applicable if it is paid a reimbursement to any of your employee.
Better pay as reimbursement as we cannot get cenvat also for this payment
2)RCM not applicable if it is paid a reimbursement to any of your employee.
Better pay as reimbursement as we cannot get cenvat also for this payment
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- E-Invoice applicability for new Startup
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
