Service tax to be paid on Vehicle hiring
This query is : Resolved
Abhishek Ved
(Querist)
01 April 2009
Dear Sir,
We are Hiring vehicle for our company , (1) should we pay service tax on vehicle hiring ,
(2) if yes , what should be the rate of Service tax
(3) What is the rule of abatement
We are Hiring vehicle for our company , (1) should we pay service tax on vehicle hiring ,
(2) if yes , what should be the rate of Service tax
(3) What is the rule of abatement
01 April 2009
The service tax rate is 10.3 post abatement of 60% from the taxable amount.
Say Rs. 100 has been charged, less Rs. 60 as abatement, service tax on Rs. 40 @ 10.3%
Not No 1/2006
Say Rs. 100 has been charged, less Rs. 60 as abatement, service tax on Rs. 40 @ 10.3%
Not No 1/2006
Abhishek Ved
(Querist)
02 April 2009
thanks
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