21 June 2016
I had a query related RCM in service tax. I am the Service receiver taking services from a Goods Transport Agency, The GTA is not raising any service tax amount in the bill But I had paid 30% service tax claiming 70% abatement on GTA services. Now please tell me whether I m correct or not and how to show all this things in Tally. Waiting for reply. Thanks in advance
21 June 2016
You are right. If you are a service provider keep the service tax paid under liability and claim cenvat on it. In case of trader charge it to expenses.