RENT A CAB SERVICE, Service Tax

[Tax Baniya]

PLEASE CONFIRM IN THE SERVICE TAX RETURN FILING ST-3 IN CASE OF FILING BY THE SERVICE RECEIVER UNDER REVERSE CHARGE MECHANISM

IT WILL SHOWN AS AN ABATEMENT OR PARTIAL REVERSE CHARGE.

Posts / Replies

[YAGAY AND SUN]

Dear Tax Baniya,

It can be both. If you had paid service tax on 40% of the value of the bills raised by the service provider and the service provider had declared that they had not availed the CENVAT credit on Inputs, Input Services and Capital Goods. You would it shown as PRCM after availing the abatement notification.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)