Ccr
This query is : Resolved
18 February 2016
sir ,
we are paying service tax on gta under reverse charge /
My questions are
1) How much abatement is available on it?
2)whether we can book CENVAT credit of service tax paid on gta services ?
we are paying service tax on gta under reverse charge /
My questions are
1) How much abatement is available on it?
2)whether we can book CENVAT credit of service tax paid on gta services ?
18 February 2016
Goods Transport Agency Services are covered under Reverse Charge Mechanism and as per Notification 30 / 2012 - ST dated 20th June 2012, the service recipient has to pay the full service tax applicable.
To compute the service tax liability, the service recipient is entitled to an abatement 70% and tax is payable on 30% of the invoice amount.
No CENVAT Credit can be booked and availed.
To compute the service tax liability, the service recipient is entitled to an abatement 70% and tax is payable on 30% of the invoice amount.
No CENVAT Credit can be booked and availed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Ineligible ITC claimed
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
