02 January 2015
IF ISSUE A SALES INVOICE AS PER GIVEN BELOW TYPE:- MR. A
QTY RATE AMOUNT 10 20000 200000 ADD: EXCISE @12.36 24720 ADD:- CST 4494 FREIGHT 35000 --------- 264214 --------- FREIGHT BILTY ISSUE TO BE BILLED BUT FREIGHT EXP. IS NO ELEMENT OF P& L A/C. WHAT IS LIABLE FOR PAY GTA PLEASE EXEPLANE ME.
02 January 2015
Dear Sir, As freight is paid by seller himself and purchaser will just pay freight against invoice. Seller is liable to pay Service Tax. ( A person who pays or liable to pay freight is receiver of service and Reverse Charge Mechanism will be applicable if MR. A is covered under category of 6 person) If Mr. A is not covered under specified 6 person GTA will pay Service Tax.
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