Trideep Banerjee
(Sr.Accountant)
(21 Points)
Replied 18 April 2015
So it is clear that Service Tax liability will be paid by that person/Company whatever may be, who pays the freight. But what should be the accounting tratment for the Transporter? Does he need to show the service tax that is deducted from his freight charges?
Trideep Banerjee
SABIRALI BUKHARI
(MIS -OPERATIONS )
(21 Points)
Replied 04 March 2016
Dear All,
I have some doubt please suggest.
If any E commerce Pvt.Ltd company using transport service so comany will be libile to pay RCM Ser.Tax ? and if on bill compnay not provide Ser.Tax number so what the other opetion for pay ser.tax.
Please suggest as per Ser.Tax Law.
Hiren
(Asst. Manegers)
(139 Points)
Replied 05 March 2016
Dear Sir
How to calulated Threshol limited for GTA
for Exmaple - Total service to non coporate body - 15,00,000/-
Than it will calucated - 15Lakh -10 Lakh = 5Lakh
Service tax Amount =5 Lakh *25% (abatement) *14.5% (ST rate) = Rs. 18125.
OR
TAXABLE SERVICE = 1500000 *25% (abatement) = Rs. 375000
As it is less than Threshol limited less than 10Lakh therefore no ST payable
Pls. Suggest.
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