09 June 2015
A PVT COMPANY IS DEDUCTING UNLOADING CHARGES FROM FREIGHT INWARD AMOUNT AND PAYING . I WOULD LIKE TO CLARIFY WHETHER THE SERVICE TAX PAYABLE UNDER REVERSE MECHANISM SHOULD BE ON\ ACTUAL FREIGHT INWARD AMOUNT OR ON FREIGHT INWARD AMOUNT AFTER DEDUCTION OF UNLOADING CHARGES.PLEASE CLARIFY THIS POINT.
10 June 2015
Hello Rajagopal, ST on RCM to be paid on actual freight charges only. Also I did not understand why the company is deduction towards unloading charges unless the transporter had agreed for it and is unable to provide. Regards, CMA Santosh G Kalburgi Cost Accountant
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