Understanding Liability and Credit Under ST - GTA

Madhukar N Hiregange | Last updated: 06 July 2015

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Introduction All manufacturers, some dealers and service providers are required to pay service tax on reverse charge @ 4.2% for payments to GTAs. There is a lot of confusion on the applicability whether applicable for all freight payments or only to some specific transactions. In this article the paper writers examine: What does the negative list cover, What is the difference between the Goods Operator and Agent, When service tax is leviable on GTA service, What are the exemptions

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About the Author

Madhukar N Hiregange

Chartered Accountant

Madhukar N Hiregange B.Com., FCA, DISA (ICAI). Passed CISA. Senior Partner Hiregange Associates having offices in Bangalore, Hyderabad, Vishakhapatnam, NCR/ Gurgaon, Mumbai Chennai. Associated with few CAs across India as mentor. Faculty at Hiregange Academy a knowledge employability initiative engaged in t ... Read more

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