St on gta service

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2016 Dear sir
A partnership concern has paid the freight Rs. 800 plz clarify does this firm is liable to pay ST on 30% value of freight or we should ask the transporter weather the total freight of the truck was 1500 or not plz tell me what to do....

Regard
Vivek kumar

Ankur Singhal

Ankur Singhal (Expert)
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22 March 2016 DEAR
YOU CAN TAKE BENEFIT OF 1500 OR 750 WHICH EVER IS APPLICABLE.
THEN ONLY YOU NEED TO DEPOSIT ST.

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2016 Dear sir...... plz consider the point... if transporter claim that the total freight of the truck was more than 1500 then we have to pay 4.35% ST on 800 if the total freight of the truck is below 1500 then No Need to pay ST on this freight amount Rs. 800 plzz tell me is it correct.....

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Ankur Singhal

Ankur Singhal (Expert)
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22 March 2016 Dear
You are correct.
Rs.1500/- is the limit for our goods that we are transporting.

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2016 Sir plz tell me one more thing...we are service provider.... in respect of contract we have issued the to service receiver i.e. 200000 service charge plus 29000 ST but the service receiver has accepted the bill i.e. 190000 service charge plus 27550 ST, and i have already deposited the 29000 ST on billing basis plz let me know can we reverse the service charge by 10000 and adjust the excess ST with the next payment of ST... plzz clarify.....

Ankur Singhal

Ankur Singhal (Expert)
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22 March 2016 Dear
Since you have paid excess service tax,then you need to send intimation under rule 6(4) of service tax rules, the intimation for excess tax is to be send through the ACES.
then you can adjust that excess tax paid in next payment.

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2016 Sir...1) is it mandatory to send intimation...2) after sending intimation can i reverse the service charge by 10000/-

Ankur Singhal

Ankur Singhal (Expert)
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22 March 2016 DEAR
IT IS MANDATORY TO SEND INTIMATION. WITHOUT SENDING INTIMATION YOU CAN NOT ADJUST THE TAX AMOUNT IN NEXT PAYMENT.
2. AFTER SENDING INTIMATION

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Ankur Singhal

Ankur Singhal (Expert)
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22 March 2016 DEAR
2. YOU ONLY NEED TO REVISE THE SERVICE TAX RETURN ACCORDINGLY.

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2016 Ok... if service receiver issued us the credit note for short payment (rate difference) even then we need to revise the return or we can pass the reversal entry on the behalf of credit note