GIRIDHAR (Sr. Associate - JV Finance) (31 Points)
09 November 2011Hi Members,
Please help me to get an idea for " Hiring of Water Tanker -12KL" is coming under the perview of service tax applicablity. How do I treat this has purchase or service, If it has service applicable please mention the rate of tax to be paid ?
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 09 November 2011
To me it is a taxable service chargeable under section 65(105)(ZZZZj) -- supply of tangible goods.
Wait for other responses.
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 09 November 2011
Assuming that the taker has been hired for fixed rent but possession and control has not been passed on, it is taxable under supply of tangible goods and service tax is payable. If possession and control has been passed on, it is taxable under VAT. Instead of fixed rent, if it is freight charges for transportation of water, then service tax is payable under GTA.
NIKHIL GUPTA
(Chartered Accountant)
(33 Points)
Replied 03 September 2012
Dear Sir,
Me too agree that, if it is in nature freight charges for transportation of water, then service tax is payable under GTA.
However I am searchng for any case study or particular point in act to support the statement.
Please help, also suggest whether we can claim input credit of GTA payable, if we are a manufacturing concern.
CA Nikhil Gupta
murugan
(articles student)
(25 Points)
Replied 19 February 2014
DEAR SIR.
I AM IPCC STUDENT WATER SUPPLIERS FOR SALT WASHING SO ALLICABLE FOR SERVICE TAX OR NOT APPLICABLE MENTION FOR CLEAR ANSWER SIR
CAclubindia
