Service tax for cab service

This query is : Resolved

Guest

Guest (Querist)

03 December 2012 Sir,
1.How to calculate new service tax rate for hiring cab service for staffs?
2.What is the percentage for service provider & receiver?
3.Is applicable for TDS?

Thank you

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 December 2012 1. If the service provider is an individual or HUF or a firm, then reverse charge is applicable and the WHOLE liability is to be borne by the service recipient.

2. Abatement of 60% is applicable, accordingly effective rate of tax is 4.944%.

3. TDS will be deducted u/s 194C.

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