[aaykarbhavan] Re: Reverse charges of Service Tax on car Hiring

From: ANIL AGRAWAL <agrawalaka56@yahoo.in>
To: AAykarbhawan <aaykarbhavan@yahoogroups.com>; AMRESH VASHISHT <amresh_vashisht@yahoo.com>; "agrawalaka@sify.com" <agrawalaka@sify.com>; ANIL AGRAWAL <agrawalkanil@rediffmail.com>; CA ranjit <echange-professionally@googlegroups.com>; "carupakkedia@yahoo.com" <carupakkedia@yahoo.com>; "Chartered_accountant-subscribe@yahoogroups.com" <Chartered_accountant-subscribe@yahoogroups.com>; "djshah1944@yahoo.com" <djshah1944@yahoo.com>; "echange-professionally+unsubscribe@googlegroups.com" <echange-professionally+unsubscribe@googlegroups.com>; PD Rungta <forum4ca@googlegroups.com>
Sent: Wednesday, 22 May 2013 7:44 AM
Subject: Reverse charges of Service Tax on car Hiring

Dear Friends.

 

A company hires passenger car through out the year.

 

Pays Rs. 100000.00

Now ser taxable after abetment is 40%

 

Hence, ST to be paid on  40000.00

 

Now under reverse charge machanism  Company to Pay only 20000.00

and Service provider to pay 20000.00

 

Kindly confirm if my contention is correct

 

CA Anil Agrawal

9431881950

agrawalaka@sify.com

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