Vehicle hiring for passangers

This query is : Resolved

anil kumar (Querist)
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03 October 2013 dear sir
we have hired vehicle for pickup & drop of company employees & cab owner is not registered with service tax department

please tell me how much service tax we have to deposited is 40% or full while we are not taking any credit for the same

& what are the accounting code to deposit the same

anil kumar

anil kumar (Querist)
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03 October 2013 please reply sir

Shyam Lal Naik

Shyam Lal Naik (Expert)
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03 October 2013 You, being a company are liable to pay service tax on Reverse Charge Mechanism. It is immaterial, whether the vehicle owner is registered or not.

You need to pay tax tax on 40%. You have to pay 40% tax, irrespective of whether you take Cenvat Credit or not.

Accounting Code :

Rent a cab : 00440048
Edn. Cess : 00440298
SHEC : 00440426

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