GTA - Service Tax

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sunil (Querist)
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15 February 2009 Dear Sir,

I want to ask a question that we pay GTA (Good Transport Service) @ 3.09%.

I am confuse that what will be entry in this matter for example :

We redeive a bill of 1,00,000/- of Goods Transport Service by Road and We pay Service Tax on this 3.09% AFter abatement. Please tell me where I put this expense ( which ledger )

Thanking You

Sunil Kumar Bindal
E-Mail : sunil_kumar10520@yahoo.com

Ram Avtar Singh

Ram Avtar Singh (Expert)
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15 February 2009 You pass entery

service tax Dr
cess on Service tax Dr
Cess (S&H)on service tax Dr
Service tax Paid Dr

Bank a/c Cr

Bacause (service tax paid) on outward Cartage service tax not allowed it will treat as exps.

service tax & cess & cess S&H is your current assets

It should be adjust with Excise Duty Libility on Sales.

Otherwise you can take refunds.