Service tax @ 7% on rent a cab
This query is : Resolved
05 June 2015
GOOD EVENING TO ALL EXPERTS,
WE RECEIVE BUS SERVICE BILL AMOUNT OF 37500( WITHOUT ABATEMENT).
THEN SIR WE DEPOSIT SERVICE TAX ONLY 50%(14*50/100=7)% ON RENT A CAB
WE RECEIVE BUS SERVICE BILL AMOUNT OF 37500( WITHOUT ABATEMENT).
THEN SIR WE DEPOSIT SERVICE TAX ONLY 50%(14*50/100=7)% ON RENT A CAB
05 June 2015
O.K if the service is provided to
(i) any company registered under the Companies Act or
(ii) business entity registered as body corporate which is not in similar line of business located in the taxable territory.
(i) any company registered under the Companies Act or
(ii) business entity registered as body corporate which is not in similar line of business located in the taxable territory.
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05 June 2015
THANKS FOR REPLY SIR SIR CAN YOU TELL ME THAT WHAT IS TAXABLE TERRITORY AND NON TAXABLE TERRITORY
05 June 2015
Taxable territory is whole of India except Jammu and Kashmir where service tax is applicable.
Non taxable territory is Jammu & Kashmir and any territory out side India where service tax is not applicable.
Non taxable territory is Jammu & Kashmir and any territory out side India where service tax is not applicable.
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05 June 2015
THANKS FOR REPLY SIR I AM ALWAYS CONFEUSED ABOUT THIS ISSUE(TAXABLE AND NON TAXABLE TERRITORY). THANKS SIR,
MEAS SIR I CAN DEPOSIT 7%(14*50/100) ON VALUE OF 37500
MEAS SIR I CAN DEPOSIT 7%(14*50/100) ON VALUE OF 37500
05 June 2015
Yes you can deposit but what about abatement.
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05 June 2015
IN RENT A CAB TWO TYPE REGISTRATION FOR SERVICE PROVIDER. BUT SIR LIABILITY OF SERVICE TAX FOR SERVICE RECEIVER WILL BE SAME.???/
MY MEANS TO SAY THAT
With abatement
SP.=NIL
SR =100
Without abatement
SP.=50
SR.=50
THEN SIR I WANT TO KNOW THAT WHAT IS LIABLITY OF SERVICE TAX FOR SERVICE RECEIVER IN BOTH CASES OF REGISTRATION. AVAILIABLE FOR SERVICE PROVIDER PLEASE SIR.
MY MEANS TO SAY THAT
With abatement
SP.=NIL
SR =100
Without abatement
SP.=50
SR.=50
THEN SIR I WANT TO KNOW THAT WHAT IS LIABLITY OF SERVICE TAX FOR SERVICE RECEIVER IN BOTH CASES OF REGISTRATION. AVAILIABLE FOR SERVICE PROVIDER PLEASE SIR.
05 June 2015
It will not be the same in case of abatement, after availing 60% abatement the service receiver will be paying only on 40%.
05 June 2015
THEN SIR HOW CAN WE KNOW THAT SERVICE PROVIDER TAKE REGISTRATION OF SERVICE TAX WITH ABATEMENT OR WITHOUT ABATEMENT??????????????
05 June 2015
Check it up with him. Whether fuel charges included in the claim.
05 June 2015
SIR WHAT IS THE RELATION OF FUEL CHARGES WITH REGISTRATION UNDER WITH OR WITHOUT ABATEMENT
05 June 2015
Leave the fuel issue, See under which situation you fall under.
Situation-1:
[(If the service provider has not charged service tax in his invoice and has not availed any CENVAT Credit) (Sr.No.7a of Notification No. 30/2012-ST Dated 20/06/2012)]
Action: The service receiver is liable to pay service tax on 40% of the value (abated) charged in the invoice by the service provider.
Situation-2:
[(If the service provider has charged service tax in his invoice and has availed any CENVAT Credit) (Sr.No.7b of Notification No. 30/2012-ST Dated 20/06/2012)]
Action: The service provider should charge service tax on 50% of the value (non-abated) and balance 50% will be payable by the service receiver.
Situation-1:
[(If the service provider has not charged service tax in his invoice and has not availed any CENVAT Credit) (Sr.No.7a of Notification No. 30/2012-ST Dated 20/06/2012)]
Action: The service receiver is liable to pay service tax on 40% of the value (abated) charged in the invoice by the service provider.
Situation-2:
[(If the service provider has charged service tax in his invoice and has availed any CENVAT Credit) (Sr.No.7b of Notification No. 30/2012-ST Dated 20/06/2012)]
Action: The service provider should charge service tax on 50% of the value (non-abated) and balance 50% will be payable by the service receiver.
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05 June 2015
OK SIR THEN 37500 BILL AMOUNT EXCLUDE SERVICE TAX AMOUNT IT MEANS THAT I WILL DEPOSIT 40 % SERVICE TAX (37500*40/100*12.36/100=1854)
05 June 2015
Any how check it with your service provider.
05 June 2015
YEES SIR I HAVE A BILL OF BUS SERVICE AMT. OF 37500. AND SERVICE TAX NOT ADD IN THIS BILL.SO I WILL DEPOSIT SERVICE TAX ONLY 40% OF 37500
10 June 2015
Yes you are right........
15 July 2015
BUT SIR TELL ME ONE THING THAT WHEN SERVICE RECEIVER WILL PAID 100 % SERVICE TAX IN ABATEMENT CASE.
15 July 2015
When service receiver is a company and service provider is individual.
15 July 2015
when service receiver will pay 40 percent tax in abatement case
15 July 2015
In abatement cases service receiver will pay service tax on 40% value.
16 July 2015
SIR PLEASE UNDERSTAND MY QUERY WHAT I REALY WANT TO ASKING IN ABATEMENT CASE SERVICE PROVIDER WILLL NOT PAY ANY THINGH BUT SERVICE RECEIVER WILL PAY 100%.NOT WROTE THAT SERVICE RECEIVER WILL PAY 40% TAX
With abatement
SP.=NIL
SR =100
With abatement
SP.=NIL
SR =100
16 July 2015
Kingly understand, here the abatement is 60% hence with abatement the service receiver will be paying 14% service tax on 40% value.
You mean 100% is full service tax paid by service receiver then it is ok.
You mean 100% is full service tax paid by service receiver then it is ok.
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