Gta layability of service tax
This query is : Resolved
11 June 2014
Dear Experts,
As we are registered in Service tax under GTA registration...
We are receiving Steam Coal.
Clearing agent is charging Transportation charges of Coal Rs.300 per Mt.we are found their LR copies enclosing with the Invoices at the end of the month on which they have mentioned that "service tax will be paid by the consignee".
There is no any such amount mentioned on the LR Copy.. but at the bottom of the Consignee copy the have mention the same thing "service tax will be paid by the consignee"
In this case whether the liability of service tax payment will be on our side??
we are already paying the service tax on such Invoice after availing the abatement 75% of the freight value..
whether we are liable for the 100% service tax or only for 25%
Pls give your reply to solve my query
Thanks!
Sohil Patel
Dear Experts,
As we are registered in Service tax under GTA registration...
We are receiving Steam Coal.
Clearing agent is charging Transportation charges of Coal Rs.300 per Mt.we are found their LR copies enclosing with the Invoices at the end of the month on which they have mentioned that "service tax will be paid by the consignee".
There is no any such amount mentioned on the LR Copy.. but at the bottom of the Consignee copy the have mention the same thing "service tax will be paid by the consignee"
In this case whether the liability of service tax payment will be on our side??
we are already paying the service tax on such Invoice after availing the abatement 75% of the freight value..
whether we are liable for the 100% service tax or only for 25%
Pls give your reply to solve my query
Thanks!
Sohil Patel
11 June 2014
According to Notification No 15/2012-ST dated 17.03.2012,
Reverse Charge Mechanism applied on GTA
In case of GTA service tax is to be paid service receiver direct to department. Service tax on transport is charge 25% of gross amount.
Reverse Charge Mechanism applied on GTA
In case of GTA service tax is to be paid service receiver direct to department. Service tax on transport is charge 25% of gross amount.
Message likes :
1 times
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
