04 July 2011
Hi, Can anyone help me on below query...
While auditing in the Company I got the two invoice of Freight Inward as below...
Ist was from Transport XYZ Freight 15000 only freight was the total amount...
2nd was from ABC Transporteer
Freight 15000 service tax 387 Total 15387
The company who is receiving service has a service tax registration no and excise no.
My first query is in first case: Do we require to pay the service tax on Rs 15000 and deduct the amount of service tax from 15000 or pay the vendor with full amount.
05 July 2011
Reply to Audit query 1 It is to be enquired whether GTA is exempted agency from Service tax payment or having STC no. If not, as Service receiver, Company to deduct Rs.387/- from freight amount & pay bal:amount to transporter.Service tax deducted to be deposited with dept: alongwith amount of ABC Transporter.
CAclubindia
