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Gta payment

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 June 2013 Dear Experts,

A registered Pvt Ltd. Company is engaged in Paper Trading.

Company is paying GTA / service tax on incoming consingments . Total incoming freight amount annually is

Total Annual Freight Rs 12.00 lacs
Less : 75% Abatment Rs 9.00 Lacs
Balance Rs 3.00 Lacs

Service Tax Liability @ 12.36% is Rs 37,080/= annually.

My question is as after deduction of abetment, service tax is applicable only on Rs 3.00 lacs which is very less than TRASH HOLD LIMIT of Rs 10.00 lacs !

Is said TRASH HOLD limit of Rs 10.00 lacs per annum is applicable to GTA Payments ?

Please guide me with quoting notifications / circulars etc.

Regards
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Suresh Mittal

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Suresh Mittal (Expert)
01 June 2013 There is no threshold limit in case of reverse charge.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 June 2013 Dear Mittal

Thanks for your reply

Regards
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