20 January 2014
A company's godowns receiving the items like wheat, rice, sugar, Cotton oil, soya oil, pulses by Goods Transport Contractor and paying the ST on the basis of reverse charge. On the transportation of all the above items, does the company get exemption or not? Does it requires to pay tax? Please suggest with relevant notification and circulars. Also suggest that N/No.03/2013 has substituted the N/No.25/2012 or added?
21 January 2014
I think the SR may opt for abatement and exemption as the liability of SP & SR are different and independent of each other. SR can go for independent calculation and claim abatement or different valuation method. Thanks..
CAclubindia
