St on rent a cab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2013
My company is a pvt ltd. co. running t.v. channel. We have to hire taxis for movment of our employees. The service provider gives us bill charging 40% s.t. My question is
1. can the service tax charged by the sp be claimed as input credit ?
2. what is our liability under reverse charge mechanisim. Do we have to pay remaing 60% tax.
3. If yes, then can we claim this 60% also as input credit.
1. can the service tax charged by the sp be claimed as input credit ?
2. what is our liability under reverse charge mechanisim. Do we have to pay remaing 60% tax.
3. If yes, then can we claim this 60% also as input credit.
19 November 2013
Find point by point answer to your query
1) Service Tax charged by Rent A Cab Operator can not be claimed as CENVAT
2) In case of rent a cab service tax is applicable only on 40% value, hence you are not required to pay any additional tax.
However here you need to keep in mind that if the operator is other than corporate entity then your are liable to pay this tax @ 40% on the value of service.
1) Service Tax charged by Rent A Cab Operator can not be claimed as CENVAT
2) In case of rent a cab service tax is applicable only on 40% value, hence you are not required to pay any additional tax.
However here you need to keep in mind that if the operator is other than corporate entity then your are liable to pay this tax @ 40% on the value of service.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- GST Registration Horse racing
- Small dealers gst returns filing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
