Service tax on motor vehicle hired
This query is : Resolved
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
with ref notfn.30/2012 (ST). how much is our liability and can we take credit of St
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.
10 August 2012
One service provider is not charging anything, but base value. How much we have to pay and take cenvat.
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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