Service tax and vat

This query is : Resolved 

01 October 2015 HI

Please let me know applicability of Service tax and Vat on transportation charges paid or received


I am from Karnataka

Regards,
Shivarudra
9611270270

05 October 2015 Service tax
if the transportation charges paid to Goods transport agency and consignment note is issued then you have to pay 3.5% of the transportation charges under reverse charge

For transportation charges received ST will be paid the party who pays pays freight to GTA


VAT

For the transportation charges paid you need not to worry because it is the burden of the suppliers who bills you

For the transportation charges receivable if it is billed in the goods invoice itself then VAT to be charged

If the separate invoice is raised for transportation then no need to charge VAT





05 October 2015 Service tax
if the transportation charges paid to Goods transport agency and consignment note is issued then you have to pay 3.5% of the transportation charges under reverse charge

For transportation charges received ST will be paid the party who pays pays freight to GTA


VAT

For the transportation charges paid you need not to worry because it is the burden of the suppliers who bills you

For the transportation charges receivable if it is billed in the goods invoice itself then VAT to be charged

If the separate invoice is raised for transportation then no need to charge VAT


Warm Regards
CA.Ravi Kumar B
Partner

Ravi & Rakesh
Chartered Accountants

No.140 | “Swamy Krupa” | 5th Main | 7th Block
4th Phase | BSK 3rd Stage | Bengaluru-560 085
+91 85499 84801 | 080-41310091
www.ravirakesh.com








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