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
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
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.
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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