Service tax rate on car hiring charges
This query is : Resolved
18 April 2012
Dear sir,
we have hired a car for company on monthly basis, Please suggest that what rate of service tax he will charged on invoice of hiring charges.
Brijesh Pandey
we have hired a car for company on monthly basis, Please suggest that what rate of service tax he will charged on invoice of hiring charges.
Brijesh Pandey
18 April 2012
This service is taxable under rent-a cab service on which abatement of 60% is provided. Therefore, effective rate of tax is 12% X .40= 4.8%
18 April 2012
Hi Brijesh
The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill
The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill
18 April 2012
Hi Brijesh
The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill
The effective service tax rate shall be 4.944% (thereof 40% of 12.36%) on the Gross bill
18 April 2012
I am sorry second sentence was inadvertently miscalculated, now corected.....
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
CAclubindia
