In case of GTA Whether notification No 26 (75% abatement) will be applicable after Notification No 30 (Reverse Charge).
So will i have to pay 100% service tax as per reverse charge or we have to pay 25% ??????????????????
Kindly reply
Bhavesh K Jha (Team Leader - Audit) (31 Points)
06 August 2013In case of GTA Whether notification No 26 (75% abatement) will be applicable after Notification No 30 (Reverse Charge).
So will i have to pay 100% service tax as per reverse charge or we have to pay 25% ??????????????????
Kindly reply
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 06 August 2013
the rate of abatement is still same,the only change after reverse charge mechanism is the liability to pay Service Tax is on recepient of Service.
RENGARAJ R.K
(ADVOCATE)
(7557 Points)
Replied 07 August 2013
Yes it is 12.36% on 25% of the freight value which exceeds rs.750/=
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
