Renting a matador for day to day work

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Hi friends! I just want to know that what will be the service tax implications in case I take a matador or so called 407 on monthly rent basis for my needs(I use it for taking something from location A to B).Its like I have got a contract wit the vehicle owner that I will pay you the Govt. rate of Rs. 460/- per day as per W.B Govt rate.Should I treat show as Renting a cab and pay service tax on the 40% value basis.Or it does not attract Service tax as it is not a service of renting a cab for moving passengers.It is also mentioned that I hire the vehicle on monthly contract basis and renew the same every month. Pls.don't consider it a transportation of goods by road service. Eagerly waiting for your valuable suggestions.
Replies (1)
The service is covered under renting of tangible assets but reverse charge is not applicable on the same do no liablity


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