We are paying service tax on GTA OUR TRANSPOTER AGENCY IS A Propertior concern We need to deduct service tax paid on his bill and need to pay balance amount?
No, service tax is not to be deducted from bill, percentage of GTA is applied on bill amount and deposited with govt., and the full amount of bill is to be paid to the transport agency (after deducting TDS, if applicable)
Example,
If bill amount is Rs.10,000 GTA will be Rs.309. Transport agency payment will be Rs.10,000
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