Service tax on Rent Cab under reverse charges

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....ervice tax on Rent Cab under reverse charges<br> Query (Issue) Started By: - Krishan Gopal Dated:- 9-5-2015 Last Reply Date:- 14-5-2015 Service Tax<br>Got 5 Replies<br>Service Tax<br>Sir, would you give clarification on service tax on renting of a motor vehicle under reverse charges- what is the difference between abated value and non abated value, if non abated value then service provider pay se....

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....rvice tax on 50&#37; value of service. Gopal Reply By satbir singh wahi: The Reply: Non abated value means without abatement i.e. on full value.if the bill of &#8377; 5000 then 50 &#37; of it will be subject to 12.36&#37; by provider . Reply By Krishan Gopal: The Reply: Sir, Please, I want more clarity. Gopal l Reply By Rajagopalan Ranganathan: The Reply: Sir, Non-abated value means the....

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.... full value of charges raised on you by the motor cab owner. In this case you can avail the credit of service tax paid on the input services availed b y you. Abated value means, if the aggregate charges raised against you by the motor cab owner if &#8377; 5,000, then you have to pay service tax on 40% of &#8377; 5,000. For availing the abated value there are certain conditions stipulated against S....

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....l. No, 9 of Notification No. 26/2012-ST dated 20.6.2012 and this notification is with effect from 1.7.2012. Reply By Krishan Gopal: The Reply: Thanks to all for given your input. Gopal Reply By ganeshan kalyani: The Reply: As per notification no.30/2012 as amended the service payable is on 50% of car hire charge w.e.f. 01.01.10.2014.<br> Discussion Forum - Knowledge Sharing ....