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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
