Hi all,
on for freight payment, the service provider has not collected tax in the invoice, being he also owns a service registration No. Or is there any notifications exists that full value has to be paid by the service receiver. Please state
Menu
Service tax on gts
Replies (1)
Hi,
As per the notification No: 30/2012, the service receiver has to pay the entire Service tax on the service provided by the Goods Transport Agency. However an abatement of 75% can be availed. For example, if the GTA charges 1000 bucks , then the receiver will have to pay service tax of 12.36% on the value of Rs 250 (i.e.1000 less 75% of 1000). Here the service tax of Rs 31 to be paid by the service receiver.
Recent Topics :
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
Related Topics :
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
