27 August 2012
A company is paying service tax under reverse charge method on Goods transport Agency and receiving rent from a customer and the rent received is below 10 lakhs.Whether service tax is required to be paid on the above rent received. whether Turn over on GTA paid under reverse charge method is included in calculating Exemption limit of 10 lakhs.
28 August 2012
Correct. Are you a registered service tax RC holder? If yes, Service tax on GTA (above Rs.750 and abatement 75%) has to be paid by you even if your output service is less than 10 lacs, not only GTA, but all the reverse charge services w.e.f 01.07.12
CAclubindia
