30 December 2013
Our GTA has already paid service tax on 25%of the freight charges for the period 1.07.12 to 31.12.12.So whether we need to pay the service tax on the same under VCES ?
30 December 2013
NO IF GTA ITSELF PAID SERVICE ON FREIGHT CHARGES THEN YOU HAVE NOT NEED TO PAY TAX BUT ONCE YOU VERIFY SUCH GTA IS PAID SERVICE TAX OR NOT ON SERVICE WHICH YOU RECEIVE IF HE NOT PAID THEN IT IS YOUR LIABILITY
FOR YOUR KIND INFORMATION IF YOU REGISTERED UNDER FACTORY ACT, OR A PARTNER SHIP FIRM, OR CO-OPERATIVE SOCIETY OR A COMPANY THEN IT IS YOUR LIABILITY TO REGISTERED UNDER SERVICE TAX AND PAID TAX THEIR ON, BUT THAT IT NO PROBLEM IF YOU NOT PAID TAX AND GTA PAID TAX
BUT IN CURRENT YEAR ONWARD YOU TAKE SUCH LIABILITY IF YOU COVERED ABOVE
31 December 2013
Sir you wouid NOT be liable to pay service tax under reverse charge only if you are an individual or a HUF . And once you are liable to pay under reverse cahrge,even if the GTA haspaid the service tax,you have to pay it again in cash with Service tax authority.
CAclubindia
