Service tax on freight on reverse charge by proprietor firm
This query is : Resolved
18 September 2012
Dear Sir
My client is a proprietorship in trading.
The client includes freight charges in the price of goods as per agreement.
Now, the purchasers can be any entity e.g. individual, huf,firm, factory, company etc.
My client i.e. seller always pays to transporter.
In my opinion, as seller recovers freight and pays to transporter and no transporters are registered with ST.
My Queries are
1) Is it OK, if seller always pay ST?
2) Exemption of Rs. 10 lacs are not available so seller should register with ST.
Any other suggestion/treatments are welcome.
Regards,
Bhargav
My client is a proprietorship in trading.
The client includes freight charges in the price of goods as per agreement.
Now, the purchasers can be any entity e.g. individual, huf,firm, factory, company etc.
My client i.e. seller always pays to transporter.
In my opinion, as seller recovers freight and pays to transporter and no transporters are registered with ST.
My Queries are
1) Is it OK, if seller always pay ST?
2) Exemption of Rs. 10 lacs are not available so seller should register with ST.
Any other suggestion/treatments are welcome.
Regards,
Bhargav
19 September 2012
Dear Bhargva,
1. The payment of ST by seller is valid.
2. the Seller should get the registration under GTA reverse charge.
1. The payment of ST by seller is valid.
2. the Seller should get the registration under GTA reverse charge.
Message likes :
1 times
19 September 2012
Dear Sir,
Thanks for solving my query promptly.
Regds,
Bhargav
Thanks for solving my query promptly.
Regds,
Bhargav
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 Aadhar PAN linking required for opening bank account?
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Application of 115BAC
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
