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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Tds on commission charges
- Applicability of GST on Salary Reimbursement Component
- Renovation exp. in flat by family member
- New GST registration for new place of business.
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- Gst registered proprietorship firm
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
08 September 2026
Semi-Qualified Assitant
Subrahmanyam & Sivudu CA Firm
Hyderabad
CA Inter
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
