Dear Sir,
If Rent A cab Services provider is a induvidual den how much TDS we have to deduct ??
and he charging Servcie Tax 5.60% and SBT @ 0.20% then please tell me how much RCM on Rent cab i will accounted .
Expample
Car Hire Services 39590/
Service Tax @ 5.60% 2217/-
SBT @ 0.20% 89/-
Total Bill 41886/-
Please tell me for RCM liability for Rent a Cab servives .
Thanks in Aadvance.
Dear Saudagar
TDS need not be deduted on Service tax portion. Applicable rate of TDS need to be deducted only on Gross amount
Malhotra Rajesh & Associates
New Delhi
B.Com
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
Pro
CAclubindia
