Dear All
I have been having some trouble understanding parts of the Reverse Charge Mechanism of the service tax notification dated 20-Jun-12. Please help me out !
1. For GTA, is courier service included?
2. For GTA, Blue Dart / Professional Couriers have charged me service tax @ 12.36%. However, 100% of tax as I understand is to be paid by the recipient. Am I still liable to pay??
3. For GTA, is the 75% abatement still valid? We are a company who do not utilise cenvat credit.
4. Some of my GTA suppliers [Green Carriers and Contractors] have charged only 3.09% service tax whilst others have charged 12.36% - why is that?
5. We charge "Courier Charges" separately in our invoice which we collect from our customers. However these amounts may by 5-8% higher than the actual courier charges in some cases. What is my service tax liability in that case?
This is quite urgent so please do reply ASAP guys!
Prashant Bothra
CAclubindia
