I am a PVT LTD and have taken a RENT A CAB Service. The Provider charged Service Tax on 60% abated value and I paid Service tax on 40% value on reverse charge value. Should i take full 100% credit of the Service Tax paid?
What if the provider did not charge Service Tax at all and I deposited Service Tax on 40% abated value? What about the credit?
Sorry ... there is no credit available on the rent a cab servoces
How shall we have to pay Service Tax on Rent a Cab? reverse charge ?
if he has not charged the service tax than u have to pay under RCm but cannot take the credit of the same.
Can you please guide the whole rule or law regarding rent a cab service tax under RCM with proper percentage and credit?
As the provider has charged service tax at 60% value also. Please guide the whole law.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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