Service tax on gta
This query is : Open
01 September 2012
please tell me about service tax on GTA
i am registered manufacturer partnership firm
and i am paying freight charges to our raw material supplier on invoice as a freight charges for sheet metal material.
His invoice sample as follow
material qty rate value
cr sheet 2000 50 100000
basic value 100000
excise duty 12.36% 12360
total 112360
cst 2% 2250
freight(note 1) 4000
grand total 118610
(*note1 freight charged on qty 2 Rs. per kg)
now my query is
1. how to calculate service tax liability
2. please tell in brief about 1500 per goods carriage or 750 per individual consignment
i am registered manufacturer partnership firm
and i am paying freight charges to our raw material supplier on invoice as a freight charges for sheet metal material.
His invoice sample as follow
material qty rate value
cr sheet 2000 50 100000
basic value 100000
excise duty 12.36% 12360
total 112360
cst 2% 2250
freight(note 1) 4000
grand total 118610
(*note1 freight charged on qty 2 Rs. per kg)
now my query is
1. how to calculate service tax liability
2. please tell in brief about 1500 per goods carriage or 750 per individual consignment
CA Suresh Jain
(Expert)
02 September 2012
Paying to Raw Material supplier ! meaning thereby he is charging freight in the invoice. If so he is not the person who is issue the Goods receipt and therefore, you need not pay any service tax. Please read "charging in invoice for goods" instead of "Charging in the invoice" above
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