Menu
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 | ||
 |
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. |
 |
Yes, if you are not in similar line of business.
.
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.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
