Service tax on motor vehicle hired

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Sreekumar (Querist)
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10 August 2012 we have 2 service provides giving cab services used for official purposes. one is not charging anything and another is charging service tax on 40% the base value.

with ref notfn.30/2012 (ST). how much is our liability and can we take credit of St

Amol S Joglekar

Amol S Joglekar (Expert)
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10 August 2012 40% liability is on service receiver. 60% is on service provider. You can take credit for the same or claim as expenses as per your choice.

Sreekumar

Sreekumar (Querist)
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10 August 2012 One service provider is not charging anything, but base value. How much we have to pay and take cenvat.

Amol S Joglekar

Amol S Joglekar (Expert)
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10 August 2012 40% of the service tax payable shall be born by you. 4.944 for every rs.100 billed by service provider. (many apeople round it off to 4.95%)

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