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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 also be paid by the recipient of the service. The notification no. 30/2012 dated 20.06.2012, notifies the person and the extent of service tax payable by such person other than the service provider. A list of services on which service tax is payable u .....

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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 not been taken under the provisions of the CENVAT Credit Rules, 2004; (ii) CENVAT credit on input service of renting of motor cab has been taken under the provisions of the CENVAT Credit Rules, 2004, in the following manner: (a) Full CENVAT credit of s .....

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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 60% is abated and this 40% would be paid 100% by the recipient of the service as per notification no.30/2012. If the above mentioned conditions as laid down in the notification are not satisfied then the liability shall be 100% of service tax. In such .....

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