Service tax for a trading concern

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 October 2012 Hi,,,
I am a trading concern and we purchase goods from outside state. The goods comes with consignment note and the transport agents comes under (GTA) and they dont charge any service tax on that. So, are we lible to pay service tax the department asks so??

The second thing is that we transport our goods to the customers and the cost of transportation is borne by us and the transporter is the owner of the vehicle. He doest issue any consignment note and no service tax is being charged. So is there any liability of service tax in future.

What if we convert our self into a manufacturing concern with the same situations above.

CA AYUSH AGRAWAL

CA AYUSH AGRAWAL (Expert)
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24 October 2012 in First Case, If You Registered Under Excise or You are Partnership Firm or Company Then Only You Need to Pay Service Tax Under reverse Charge 25%.

Second Case:-
In This Case Also You Have to Pay ST, as Service Receiver, Since You are paying the Amount.