Menu
Service tax on car hire charges
Dear Friends!
What will be the company's stand in the following scenario?
The company has availed car hire services from an individual. The individual has not included service tax in the invoice as his turnoverhas not exceeded 10 lacks. Now the company is liable to pay 40% of the service tax on the invoice value under the reverse charge mechanism. My question is will the company be eligible to take credit of tthe amount so paid?
Replies (2)
have a similar query buddy.....
under reverse charge machanism.
Service tax is payable by receipient. Even if service tax provider is availing SSI exemption of 10 lacs.
Service tax credit can be claimed by the company. in such case valid document will be GAR 7 challan instaed of invoice.
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
Related Threads
CAclubindia
