Tds on logistics bills
This query is : Resolved
26 November 2013
Dear sir,
i have to know the rate of TDS on logistics bills (by road & by Air)which are charged service tax or not charged service tax.
and also have some Confusion on service tax reverse charge
i have to know the rate of TDS on logistics bills (by road & by Air)which are charged service tax or not charged service tax.
and also have some Confusion on service tax reverse charge
26 November 2013
As per section 194C no TDS is to be deduct from Transporter if transporter provides its PAN. Transporter include individual, Firm, Companies.
In case of service tax, transporter is not liable to charge service tax under RCM, service tax recipient is liable to pay service tax on transporter's bill under RCM.
In case of service tax, transporter is not liable to charge service tax under RCM, service tax recipient is liable to pay service tax on transporter's bill under RCM.
26 November 2013
But transporter charge service tax @12.36% and we also pay service tax under the service tax reverse machnisam of GTA.....
28 November 2013
Transporter will charge service tax only when you are a proprietorship firm in other case transport will not charge service tax. Transporter charge service tax @ 3.09% to total freight amount if transporter avail abatement 75% of freight amount. Transporter charge on balance 25% @ 12.36%.
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