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of <h1>Service Tax Rules for Motor Vehicle Rentals: Reverse Charge Mechanism and Liability Splits Post-July 2012</h1> The service tax liabilities for renting motor vehicles designed to carry passengers, focusing on reverse charge mechanisms. From July 1, 2012, services provided on an abated value to non-similar business entities by individuals, Hindu Undivided Families, or partnerships are fully taxed at the recipient's end. For non-abated values, from July 1, 2012, to September 30, 2014, the tax liability was split 60% to the provider and 40% to the recipient. From October 1, 2014, the liability was equally divided at 50% each. Definitions for 'business entity,' 'partnership firm,' and 'body corporate' are provided.
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