TMI BlogService Tax provision for hiring of motor vehicleX X X X Extracts X X X X X X X X Extracts X X X X ..... Service Tax provision for hiring of motor vehicle X X X X Extracts X X X X X X X X Extracts X X X X ..... echanism 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 Vehic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hen 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. X X X X Extracts X X X X X X X X Extracts X X X X
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