Reverse mechanism and vehicle service
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2013
Our company has engaged/hired vehicle for on monthly rental basis from individual service providers.
Is reverse mechanism is applicable , while making payments and how value of service to be calculated?
Service tax provider being individual ,so they are not adding any service tax.
Is reverse mechanism is applicable , while making payments and how value of service to be calculated?
Service tax provider being individual ,so they are not adding any service tax.
04 August 2013
Being a company, under RCM 40% of the bill amount will be taken for service tax calculation, whether individual collects or not.
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