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Service tax under reverse charge mechanism in case of renting of any motor vehicle designed to carry passengers

Service Tax - By: - ganeshan kalyani - Dated:- 9-9-2015 Last Replied Date:- 10-9-2015 - As per provision in the Finance Act, the service tax shall be paid by service provider. However, as per provision of section 68(2) of the act, service tax shall a .....

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nder reverse charge is enumerated in the said notification. Of all the services listed in the said notification, I would like to discuss in this article about the service tax liability in case of renting of motor vehicle designed to carry passengers. .....

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th June, 2012. The condition for abatement given in notification 26/2012 as amended from time to time is representated below from the notification as below: (i) CENVAT credit on inputs and capital goods, used for providing the taxable service, has no .....

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uch input service received from a person who is paying service tax on forty percent of the value; or (b) Up to forty percent CENVAT credit of such input service received from a person who is paying service tax on full value; (iii) CENVAT credit on in .....

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0% of the service tax only. The service tax liability of service provider is NIL and recipient of service shall pay 100% of the service tax liability under reverse charge. This 100% of service tax here would mean that only 40% of the service tax as 6 .....

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case the service tax payable shall be paid equally by the service provider and the service recipient. From the above discussion, it is clear that if the value of service is abated then the liability of service recipient under reverse charge would be .....

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ment the outflow of service tax is minimal as the input credit is foregone by the provider of the service. The service provider shall have to mention on the face of the invoice that he has availed abatement which would help both service provider and .....

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