Service tax applicabilty of truck hired on monthly contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2012
We have made an contract with an person/service provider that he will provide us service on monthly contrat basis suppose on Rs. 50000/- besides this we shall give him diesel ( Oil) for running the truck . salary / Cost of the diver will be paid by the contractor .
In this regard , please advise in which this service shell be deemend either in GTA or work contract or any other and how much % of service tax will be paid by us .
M.Verma
In this regard , please advise in which this service shell be deemend either in GTA or work contract or any other and how much % of service tax will be paid by us .
M.Verma
Amol S Joglekar
(Expert)
01 September 2012
Refer the reverse charge circular
CA NIKHIL OZA
(Expert)
04 September 2012
such service will be considered as GTA only..in such case 75% abatement is available...As such only on 25% of gross amount charged..As such s.tax will be payable on 25% of Rs50000...
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