in case of partial reverse charge, renting of motor vehicle
St paid on abated value then receiver is liable to pay tax for 100%.
So is the receiver has to pay tax for 40% as per E/N 26/2012 or 100% ?
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Partial reverse charge
Replies (4)
Hi Anjali,
Reciever has to pay 40 %. . Please refer attached file for more clarificaiton.
40% of the value.........
thanks Vikas & taxupdate.com
service receiver in any case have to bear 40% of service tax. if service provider charged after taking 60% abatement in that case also as well as if he did not charge any service tax then service receiver has to pay service tax on 40% of value.
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