WE HAVE IMPORTED SOME MACHINERY FROM USA . WE HAVE PAID LOCAL FRIGHT RS 5000 TO TRANSPORTER. NOW R WE LIABLE FOR PAYING SERVICE TAX ON SAID 5000 RS.
3 Replies
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 20 October 2011
Yes, payer of freight is liable to service tax. 75% abatement is available.
suman
(Auditor )
(388 Points)
Replied 20 October 2011
THAT MEANS WE HAVE TO PAY 10.3% OF 1250 RS ONLY. BUT SIR I WANT TO CLARIFY ONE MORE THING THAT IS WE ARE CLAIMING INPUT OF SERVICE TAX TOO WILL THAT MAKE ANY DIFFRENCE ?
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 20 October 2011
Correct. Fact that you are avaling cenvat credit for input services does not alter the position. Get a declaration from the GTA that he is not claimng cenvat credit.
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