https://www.taxtmi.com/article/detailed?id=6431 Service tax for renting passenger motor vehicles is governed by an abatement regime: if prescribed CENVAT credit conditions are met the taxable portion is limited to 40% of the value and that 40% is payable entirely by the recipient under reverse charge, with the provider bearing no tax; if conditions are not met the full tax applies and liability is shared equally between provider and recipient. The provider should state on the invoice that abatement was availed. Partial reverse charge applies only where the supplier is an individual/HUF/partnership and the recipient is a corporate. en-us Wed, 09 Sep 2015 13:30:12 +0530 Wed, 09 Sep 2015 13:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6431 Service tax for renting passenger motor vehicles is governed by an abatement regime: if prescribed CENVAT credit conditions are met the taxable portion is limited to 40% of the value and that 40% is payable entirely by the recipient under reverse charge, with the provider bearing no tax; if conditions are not met the full tax applies and liability is shared equally between provider and recipient. The provider should state on the invoice that abatement was availed. Partial reverse charge applies only where the supplier is an individual/HUF/partnership and the recipient is a corporate. Articles Service Tax Wed, 09 Sep 2015 13:30:12 +0530 https://www.taxtmi.com/article/detailed?id=6431