Gta issue

Alok mukherjee (B) (248 Points)

22 March 2012  

Issue is:

Consignor transports material by a GTA to a consignee.

Material is worth 100000, ST (budget 2012) 12360.

My questions:

1) Who is liable to pay the ST into the treasury?

2) How much  cenvat credit (in Rs or %) is available for set off to the

   a) Consignor

   b) Consignee.

3) Is ST on GTA subject to any abatement?

Please reply.