Service tax exemption for rent-a-cab operators caps taxable value for levy, subject to Cenvat and prior-notification restrictions. The Central Government exempts service tax on rent-a-cab services to the extent that tax exceeds the amount computed on a value equal to forty per cent of the gross charge for the service, effectively capping the taxable value; the exemption is not available where Cenvat credit has been taken or where the operator has availed the benefit under the earlier specified notification.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service tax exemption for rent-a-cab operators caps taxable value for levy, subject to Cenvat and prior-notification restrictions.
The Central Government exempts service tax on rent-a-cab services to the extent that tax exceeds the amount computed on a value equal to forty per cent of the gross charge for the service, effectively capping the taxable value; the exemption is not available where Cenvat credit has been taken or where the operator has availed the benefit under the earlier specified notification.
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