WE ARE A TRANSPORTER AND RECEIVED FREIGHT ON GOODS CARRIER AND BILLING AGAINST GOODS RECEIPT NUMBER(GR.NO.) I WANT TO KNOW THAT IF PARTIES DEBITED AGAINST RATE DIFFERENCE OR ANY OTHER REASON THEN WHAT IS THE WAY TO ADJUST DEBIT AMOUNT IN THE SERVICE TAX RETURN COULD I DEDUCT DEBIT AMOUNT IN TOTAL FREIGHT RECEIVED OR NOT.
16 July 2009
If you are one of the specified person liable to pay the ST as receiver then it is your responsibility. The question of deduction in my view is entirely contractual. Normally the Servic eprovider would charge the reciver for the service due to the fact that ST is a destination based indirect tax. As and when price differences are paid, the liability can also be discharged.
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