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Service tax - cab hiring
Please explain, for cab hiring, what is the service tax percentage applicable for service provider and service receiver as per latest service tax... and input credit benefit allowed for this.
Thanks
Sathees Kumar A
Replies (2)
Liability of service tax will be as under : -
| Percentage of service tax payable by the person providing service | Percentage of service tax payable by the person receiving the service | |||
| In case abetment is claimed | Nil | 40% | ||
| In case NO abatement claimed | 60% | 40% | ||
In case abetment is claimed NO CENVAT credit of service Tax will be allowed against input service to the output Service Provider
In case NO abatement is claimed i.e. tax is paid on 60 % value @ 12.36% then CENVAT credit of input services will be allowed to the output Service Provider
NO CENVAT credit of Service Tax will be allowed to the person who is availing "Rent a Cab" Service
yes as per above
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