Gta applicability
This query is : Resolved
21 April 2012
Dear Expert
I am woking with shipping company and we have warded contracts to transpoters for transportation of containers from terminal to container depo. Transporter is charging Rs. 800/- for a 40 Feet container towards transporation charges through trailor. Please note that only one 40 feet container can be accomodate in a trailor (carrage) at a time. My confusion is that whether I should book Service tax liability on GTA for such payment. I have confusion of Rs. 750/- and Rs. 1500/- limit of GTA Please advice me at the earliest.
I am woking with shipping company and we have warded contracts to transpoters for transportation of containers from terminal to container depo. Transporter is charging Rs. 800/- for a 40 Feet container towards transporation charges through trailor. Please note that only one 40 feet container can be accomodate in a trailor (carrage) at a time. My confusion is that whether I should book Service tax liability on GTA for such payment. I have confusion of Rs. 750/- and Rs. 1500/- limit of GTA Please advice me at the earliest.
22 April 2012
Now Service Tax is 12.36% and you have to charge on the billing amount whether it is per trailor or per consignment. If you are charging X amount as freight then add 12.36%
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