09 January 2010
I want to know the tax liabilities in case of transportation. our has a company and during the financial year-07-08, i had paid transportation Rs. 25 lakhs. since goods transport agency has exemption up to 10 lakhs. whether we have to pay service tax or not, furthe as abatement is available to the extent of 75%. then whether it will fall under exemption (.25*25 lakh) 6.25 lakhs is under limit
11 January 2010
As a receiver of service there is no threshold exemption. Even if one uses GTA services of Rs. 1 Lakh he would as a specified person have to pay ST on 25,000/-
CAclubindia
