Reverse charge mechanism
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2015
Dear Expert
I am working in Manufacturing unit. the company purchases Bran (Chokhar) from the market and paying freight on it. my question is whether company is liable to pay @ 30% of service tax under GTA. or is it exempt on the basis of exemption given on Wheat.
I am working in Manufacturing unit. the company purchases Bran (Chokhar) from the market and paying freight on it. my question is whether company is liable to pay @ 30% of service tax under GTA. or is it exempt on the basis of exemption given on Wheat.
29 June 2015
Hi,
If the company is paying transport charges to a Goods Transport Agency (GTA), then company is liable to pay service tax on 30% value (only when declaration for non availing cenvat credit by GTA is obtained). Else company is needs to pay service tax on 100% value.
If the company is paying transport charges to a Goods Transport Agency (GTA), then company is liable to pay service tax on 30% value (only when declaration for non availing cenvat credit by GTA is obtained). Else company is needs to pay service tax on 100% value.
29 June 2015
If bran qualifies as "agricultural produce", no need to pay service tax by anyone.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2015
Thanks Mr. Srinu and Ankit.
Chokar means cattle feed or we can say comes under the scope of animal husbandry. is it exempt from service tax on tranportation? please give your view on this topic and let me know the interpretation of chokar under ambit of service tax.
Chokar means cattle feed or we can say comes under the scope of animal husbandry. is it exempt from service tax on tranportation? please give your view on this topic and let me know the interpretation of chokar under ambit of service tax.
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