Interpretation of Service Tax Law in Mega Exemption in case of GTA:
a) Goods where gross amount charged for the transportation of goods on a consignment transported in a single goods carriage does not exceed one thousand five hundred rupees; or
b) Goods, where gross amount charged for transportation of all such goods for a single consignee in the goods carriage does not exceed rupees seven hundred fifty;
Is tha means:
a) GTA collect goods from one our party, exempt the bill below Rs.1,500/-
b) GTA collect goods from more than one our party, exempt the bill below Rs.750/-
Please verify the interpretation.
CAclubindia
