Rate of tax

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Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 what is the rate of service tax on goods carrier service with abatement ?

Annu Agarwal

Annu Agarwal (Expert)
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14 June 2014 Rate of service tax is 12.36%.In case of GTA there is an abatement of 75%.

Annu Agarwal

Annu Agarwal (Expert)
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14 June 2014 Rate of service tax is 12.36%.In case of GTA there is an abatement of 75%.

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Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 whether it comes to 3.09% in case a goods carrier firm, if the firm has to charge service tax ?

Annu Agarwal

Annu Agarwal (Expert)
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15 June 2014 yes the rate would be 3.09%

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 can a firm can opt for reverse charge in the case of goods carrier service and at what rate the service recepient would pay service tax ?

Annu Agarwal

Annu Agarwal (Expert)
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16 June 2014 Where the service recepient is a partnership firm,in cse of GTA,servic etax shall be paid by the firm under reverse chareg as service receiver.The rate shall be 3.09% provided the service provider has not take not taken the Cenvat Credit on Input services,Inputs and capital goods.