Rate of service tax
This query is : Resolved
VANYA GARG
(Querist)
06 April 2012
Sir,
Plz tell me the rate of Service tax to be charged where bill had been raised in the month of march and payment will be received in the month of april in case of transportation services
Plz tell me the rate of Service tax to be charged where bill had been raised in the month of march and payment will be received in the month of april in case of transportation services
Mihir Doshi
(Expert)
06 April 2012
Dear Vanya,
If the transportation services availed before 31st March 2012, then rate of service tax is 10% otherwise 12%
Thanks
Mihir Doshi
If the transportation services availed before 31st March 2012, then rate of service tax is 10% otherwise 12%
Thanks
Mihir Doshi
Message likes :
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CA Gangadhar Mishra
(Expert)
06 April 2012
If Invoice raised before 31.03.2012 service tax rate will be @ 10.3% and there after @ 12.36% on accrual basis.
Message likes :
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CA CS Amit S. Kedia
(Expert)
06 April 2012
Ms. Vanya,
In transportation service tax is paid on reverse charge basis and the person who are paying service tax on reverse charge basis, is liable for service tax on payment basis.
The rate in case will be 12.36%
In transportation service tax is paid on reverse charge basis and the person who are paying service tax on reverse charge basis, is liable for service tax on payment basis.
The rate in case will be 12.36%
VANYA GARG
(Querist)
06 April 2012
Sir, Plz clarify me Reverse Charge basis
CA CS Amit S. Kedia
(Expert)
06 April 2012
Reverse charge basis means person liable for payment of service tax is the person who is receing the services.
hence, in this case the person receing the transportation service will be liable for service tax.
hence, in this case the person receing the transportation service will be liable for service tax.
VANYA GARG
(Querist)
06 April 2012
Sir,
Till now a person is paying the service Tax after raising the invoice of Transportation invoice and his advocate also did not tell him anything about this
is this payment is wrong?
Can u provide me the link where I can clear all my concepts about Service Tax on Transportation Service?
Thanks in advance
Till now a person is paying the service Tax after raising the invoice of Transportation invoice and his advocate also did not tell him anything about this
is this payment is wrong?
Can u provide me the link where I can clear all my concepts about Service Tax on Transportation Service?
Thanks in advance
CA CS Amit S. Kedia
(Expert)
06 April 2012
Ms. Vanya,
you will have to study GTA service under service tax in detail first.
you will have to study GTA service under service tax in detail first.
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