Vehicle hiring for passangers
This query is : Resolved
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
03 October 2013
please reply sir
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
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
- TDS 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- GST ITC REVERSE
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- FAST-DS Scheme - Foreign Assets
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
Quick Links
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
