Service tax on renting of immovable property

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Sandeep (Querist)
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19 October 2012 A Pvt. Ltd. company have taken some vehicles on rent. Running & maintenance cost including Drivers Salary Paid by the Company only Fixed Rent paid to the owner of the Vehicles.

is Pvt. Ltd. company liable to pay service tax as service receiver ??

Kindly give me reply with proper notification or circular if any.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 October 2012 Reverse charge is applicable on renting of motor vehicle designed to carry passengers.

See N/N 30/2012.

Reverse charge is applicable if the service provider is an individual, HUF or a partnership firm.

Ababtement of 60% is available in respect of such services.

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