19 November 2011
Sir what should I do in case of PAN not available from private loading auto person his payment range is Rs. 500/- to 1000/- and paid by us in case by voucher Now my quation is
First --> Is this payment liable to deduct TDS @ 20%( as PAN not avail) if yes than please tell me any option which will not attract TDS
Second---> Should we pay Service tax on this auto freight in case cash freight exceed 750/-
Also tell me is Ser. tax limit of transport Rs. 750/- on the basis of Per L.R. value or on the basis of Per Invoice Value
19 November 2011
No need to deduct TDS u/s 194c when -paid less than RS.30000 in single instance -total of amounts paid or credited during the financial year should not exceed Rs.75,000/-
otherwise you would be liable to deduct tax@20%
and also your total shipment value is between RS.700-1000.
Service tax exempt under GTA -the gross amount charged on consignments transported in a goods carriage does not exceed RS.1500. and -the gross amount charged on an individual consignment transported on a goods carriage does not exceed RS.750
your payment cap is below 1500, therefore service tax is not applicable.
CAclubindia
