GTA
This query is : Resolved
02 December 2010
Hello....... My doubt is am a manufacturer and i pay Transport charges for my raw materials and finished goods... Now my GTA raises invoice for say 1000. Now i can take abadmnt and calculate st ( 250*10.3% )na...... Now i pay Rs.25 to Department as cash..... Now i should pay Rs.975 to my GTA or Rs.1000 in toto????? And shall i take Input on such GTA paid?????? If i an take am i eligible for GTA paid on FG transfer also?????
02 December 2010
Dear SHIv,
in the above case you should pay 1000 to the GTA and paid Service Tax of Rs. 25.
For the Transport charges of Raw material you can take the Input Credit.(For Service Tax Amount)
in the above case you should pay 1000 to the GTA and paid Service Tax of Rs. 25.
For the Transport charges of Raw material you can take the Input Credit.(For Service Tax Amount)
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02 December 2010
Rs. 1000/- to TA & Rs. 25 to government.
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