which section in service tax ?

[MITSUI PRIME ADVANCED]

Dear Sir,

Notification No. 30/2012 S N. 7 mention as following:-

Renting / hiring any motor vehicle designed to carry passenger on abated value

Renting / hiring any motor vehicle designed to carry passenger on non-abated value

Please tll me about Section which is covered under definition.

Please provide your valuable suggestion

Regards

Arjun Sachdeva

[DR.MARIAPPAN GOVINDARAJAN]

Dear Sir,

The said Notification gives the list for which the service tax is payable on reverse charge basis by the service providers. This notification has been issued by the Board by virtue of the power given in Section 68(2) of Finance Act, 1994.

Regards,

Dr. M. Govindarajan

AI Summary

Reverse charge mechanism: renting or hiring passenger motor vehicles made payable by service providers under a statutory notification. Notification No. 30/2012 (S.N.7) designates renting or hiring of passenger motor vehicles as services chargeable on a reverse charge basis, distinguishing abated and non abated values, and was issued under the delegated power permitting notification of services for reverse charge treatment, thereby making the service provider liable to discharge service tax for the listed services.