TaxTMI 
TaxTMI 
Hire vehcile on lease
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....ire vehcile on lease<br> Query (Issue) Started By: - Samik Chaudhuri Dated:- 14-4-2017 Last Reply Date:- 18-4-2017 Service Tax<br>Got 6 Replies<br>Service Tax<br>Sir Our logistics company wants to hire 6nos truck with agreement for monthly fixed amount from a Company. Now i would like to know whether this fixed amount attracts service tax or not? If attracts who will be liable to pay service tax....
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....? Please advice me at earliest. With thanks Samik Chaudhuri. Reply By KASTURI SETHI: The Reply: Yes. Service Tax is leviable under Section 66 E (f) . It is declared service. Service Provider will deposit ST after collecting from the Service Receiver. Reply By Himansu Sha: The Reply: if the vehicles will be put for GTA service, there will be no servicetax. Otherwise s.tax will be applicable ....
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....Reply By KASTURI SETHI: The Reply: Both are different services under different accounting codes. Reply By Samik Chaudhuri: The Reply: Sir I would like to clarify my queries that these 6nos truck will be used for transportation. Now we have to pay monthly fixed amount to owner of the Vehicle as per agreement, my query is that whether this amount attracts Service Tax or not? Please advice me. ....
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....With thanks Samik Chaudhuri. Reply By Himansu Sha: The Reply: It depends upon the use of the vehicles by the service provider. Please read the following provisions of Notf. no. 25/12 22. Services by way of giving on hire - (a) to a state transport undertaking, a motor vehicle meant to carry more than twelve passengers; or (b) to a goods transport agency, a means of transportation of goods; ....
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....If it will be used for other that this, tax will be pid by you. Regards Reply By Ganeshan Kalyani: The Reply: I agree with Sri Kasturi Sir view.<br> Discussion Forum - Knowledge Sharing ....