service tax relating to renting of cab
This query is : Resolved
26 September 2016
plzz give detail relating to renting of cab i.c relating info reverse charge mechanism and abatement and cenvat credit
26 September 2016
Abatement is 60% subject to no cenvat credit availed by service provider and 40% value service tax payable under RCM for renting of cab.
26 September 2016
it mandatory to show in bill that service provider claim abatement
26 September 2016
sir when I am vouching the bills relating to renting of cab shown that 2 type of voucher where 1 party claim abatement 60% and such party includes service tax amount include in the bill and receiver (organizations)also paid full amount
26 September 2016
and 2nd bill no amount of service tax charged
26 September 2016
In case of service provider is a company no RCM applicable service tax claimed has to be paid. In the second bill service tax payable under RCM.
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