05 July 2011
please let me know at the earliest the followings.
1. in GTA the reciever (x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service.
but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ?
05 July 2011
but sir, the limit of deduction of service tax is rs 700 & 1400 respectvely for half truck load & full truck load? what is this practically how to verify this for the purpose of audit. please enlighten'
17 July 2011
1500/- benefit is available when you take a vehicle other than registered transporter, for local movement of your goods ...here no 2nd party loads his goods to the vehicle
750/- benefit for receiving services from transporter, where the goods are loaded with all consignors in a single truck
CAclubindia
