TaxTMI 
TaxTMI 
How to calculate the abated value in Bill for service provider for Rent-a-cab scheme operator Service ?
Regards,
Datta
Service tax -Abated Value and Non Abated Value
26 Nov 2016 
1 Reply 
2571 Views Asked by
Abatement rate determines taxable value for rent a cab services; refer notifications for abatement and reverse charge guidance.
Taxable value for rent a cab services is determined by applying the abatement percentage from the abatement notification to gross receipts to obtain the abated value, and by consulting the reverse charge notification to determine any reverse charge tax liability that must be discharged by the service recipient. (AI Summary)
Taxable value for rent a cab services is determined by applying the abatement percentage from the abatement notification to gross receipts to obtain the abated value, and by consulting the reverse charge notification to determine any reverse charge tax liability that must be discharged by the service recipient. (AI Summary)