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Reverse change in case of taxi operator
We (corporate) are in receipt of invoice from taxi operator who is non corporate.Shall we liable to deposit service tax under reverse charge mechanism.
Replies (2)
| Originally posted by : Jagdish Pant | ||
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We (corporate) are in receipt of invoice from taxi operator who is non corporate.Shall we liable to deposit service tax under reverse charge mechanism. |
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Yes, if you are not in similar line of business.
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In both situations, i.e., whether the cab/taxi vendor has claimed abatement or not, your liability would be 12.36% of 40% of total service value.
Please note that, after paying ST on 40% Value of services also, These service not eligible to take Cenvat Credit benefit.
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