Service tax on travel agent & car hiring
This query is : Resolved
10 July 2013
HI ALL
ONE OF MY FRIEND IS TRAVEL AGENT. HE OWNING 4 CARS.
RECENTLY HE HAS TAKEN SERVICE TAX NUMBER
I WANT TO KNOW THE RATES CHARGE WHILE HIRING CAR FROM MARKET & RATES WHILE USING OWN CARS IN MARKET.
I HEARED THAT THERE WAS 60% ABATEMENT ON GROSS BILL. KINDLY EXPLAIN EXACT RULE BRIEFLY
THANKS
ONE OF MY FRIEND IS TRAVEL AGENT. HE OWNING 4 CARS.
RECENTLY HE HAS TAKEN SERVICE TAX NUMBER
I WANT TO KNOW THE RATES CHARGE WHILE HIRING CAR FROM MARKET & RATES WHILE USING OWN CARS IN MARKET.
I HEARED THAT THERE WAS 60% ABATEMENT ON GROSS BILL. KINDLY EXPLAIN EXACT RULE BRIEFLY
THANKS
10 July 2013
The percentage of service tax will be 40% on gross billed amount after abatement @60%. This abatement is optional and if it is taken, no CENVAT Credit will be available.
11 July 2013
thanks Mr. Anuragji
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