Vehicle hiring for passangers
This query is : Resolved
anil kumar
(Querist)
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
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
(Querist)
03 October 2013
please reply sir
Shyam Lal Naik
(Expert)
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
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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