Service tax
This query is : Resolved
22 June 2013
My Query is that Company hire a bus for one day for company exployee pic and drrop to one palce to another place. party raised Bill of Rs. 9000/- for the same. so I want to know
1. what is the company liabilities for creating liablities of Service tax ??
2. Can company avial service tax input that kind services.
1. what is the company liabilities for creating liablities of Service tax ??
2. Can company avial service tax input that kind services.
22 June 2013
If the transporter has not charged service tax in the invoice so there is no question of payment of service tax by the company. Moreover Rental services do not come under Reverse charge mechanism so company is not liable to pay service tax if the same is not charged in the invoice.
If the party has charged service tax then company is supposed to pay service tax and yes input of the same can be claimed.
If the party has charged service tax then company is supposed to pay service tax and yes input of the same can be claimed.
22 June 2013
1)Reverse charge will be applicable..
refer
Notification No.15/2012-Service Tax
2)Service Provider should be HUF, Individual, firm
3)Service receiver – Business entity registered as body corporate
4)Tax on 40% of value by service receiver.
5)If motor vehicle is taken on hire (operating lease) without driver, it is ‘transfer of right to goods’. Then it is deemed sale of goods and Vat will apply – not service tax.
6)you cannot take cenvat credit on this payment as it is not an input service(not related to business)
Thanks & regards
Ganesh babu k
refer
Notification No.15/2012-Service Tax
2)Service Provider should be HUF, Individual, firm
3)Service receiver – Business entity registered as body corporate
4)Tax on 40% of value by service receiver.
5)If motor vehicle is taken on hire (operating lease) without driver, it is ‘transfer of right to goods’. Then it is deemed sale of goods and Vat will apply – not service tax.
6)you cannot take cenvat credit on this payment as it is not an input service(not related to business)
Thanks & regards
Ganesh babu k
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
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Cash balance limit and property purchases limit
- NRI starting business in India
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Journal entry of busniess expenses
- Bank details not Visible on Traces Portal
- Invertaded duty struture
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
