23 November 2013
What is the maximum amount for single transporting bill for no service tax is to be paid by service receiver under reverse charge mechanism?
Is there any limit on total amount paid or payable for transporting for the whole year to a single transporter???
23 November 2013
In case of full load it is Rs. 1500/- and in case of part load it is Rs. 750/-. Since service tax on this is liable under reverse charge there is no financial limit provided. You need to pay from on each and every consignment if it exceeds the aforementioned limits.
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