Service tax-hing vehicle

Dear Anil,

Please refer Not.26/2012 ST dtd.20-June-2012 for new Abatements in Service Tax wef:01-July-2012.

at the above table at Sl.no.9 "Renting of any motor Vehicle designed to carry passengers" after abtement yoy have to calculate tax @ 40% on gross value.

EXbill is for 20K, receiver opt for abatemented value is 8k tax is 100% @ 12.36% so tax is 989 only.

if non abtement means total tax is 2472, hence receiver part is only 40% @ 989/-.

I think your issue resolved.