As we know that point of taxation has been ammended through Finance Act,2011. Did it effect in any ways to the service reciepent who pays the service tax on the service recieved by him through GOODS TRANSPORT AGENCY BY ROAD?
PANKAJ MORE (xxxxxxx) (48 Points)
04 May 2011As we know that point of taxation has been ammended through Finance Act,2011. Did it effect in any ways to the service reciepent who pays the service tax on the service recieved by him through GOODS TRANSPORT AGENCY BY ROAD?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 04 May 2011
no change in case of service receipent liable for service tax.
PANKAJ MORE
(xxxxxxx)
(48 Points)
Replied 04 May 2011
But in my view the amendment will effect them also......
as when the transport agency will arise the bill against them, they will be liable to tax for the month in which the bill is arise rather than the month in which they have made the payment.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 04 May 2011
usualy the transport charges are booked on payment basis only, as the transport offer you either C/N or money receipt, bills are rare in use.
in such cases where the bills are submitted other than payment basis then the incident which comes 1st in nature of payment / bill submission would be taken in account for payment of service tax.
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