Service tax on gta
IMAMASAB SOGALAD (Queriest) (35 Points)
15 July 2016IMAMASAB SOGALAD (Queriest) (35 Points)
15 July 2016
CA Saurabh Singh
(Practising Chartered )
(974 Points)
Replied 15 July 2016
Hello,
You are covered under RCM as services are recived from GTA and you need to pay service tax on 75% and remaining 25% shall be charged by the provider fom you
saurabh shahu
(Audit Assistant)
(142 Points)
Replied 04 August 2016
imam,
As per Service Tax Rules, in GTA Service 100% Service Tax Payable by Service Receiver. If You have received bill from Transporter of Rs. 35000/- then Service Tax Payable are as follow..
Transport Charges 35000/-
Less : Abatement @ 70% 24500
---------------
10500
Service Tax @ 15% 1575/-