Service Tax provision for hiring of motor vehicle
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....ervice Tax provision for hiring of motor vehicle<br> Query (Issue) Started By: - saurabh bhatiya Dated:- 13-4-2016 Last Reply Date:- 13-4-2016 Service Tax<br>Got 3 Replies<br>Service Tax<br>Dear Sir, We are ltd company & hiring motor vehicle along with driver on contractual basis for the year & pay bill monthly to contractor. My query is that 1) whether this service fall under reverse charge me....
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....chanism or not & if yes , what will be percentage? 2) Is there any abatement notification for this service? Please reply... Reply By KASTURI SETHI: The Reply: Dear Saurabh Ji, For abatement see Notification No.26/12-ST as amended. (Serial No.9). For RCM see Notification No.30/12-ST as amended (Serial No.7 (a) & 7 b) Reply By venkatesh B: The Reply: Dear saurabh Ji, Renting of motor Vehicl....
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....e designed to carry passengers comes under the ambit of Reverse charge mechanism, and service tax to be paid on reverse charge basis by service receiver, if the receiver is a body corporate which is applicable in your case. Further kindly note that if the above services are received from body corporate then Reverse charge provisions will not be applicable (i.e., if contractor is body corporate th....
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....en reverse charge not applicable) Kindly follow the Notifications give by Shri KASTURI SETHI ji, (also thanks to Shri KASTURI SETHI ji for providing these notification details) Reply By Ganeshan Kalyani: The Reply: I agree with the views submitted by both the experts. Thanks.<br> Discussion Forum - Knowledge Sharing ....