CA Abhiram Bharat. (Assistant Manager Taxation) (508 Points)
05 July 2011please let me know at the earliest the followings.
1. in GTA the reciever 9x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service.
but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ?
is my view correct.
urgently needed.
kind regards
abhiram bharat
CA Madhvi
(...Blissful...)
(1658 Points)
Replied 05 July 2011
In case of GTA if consiner or consingnee is liable to pay service tax den service tax is not shown in bill
CA Abhiram Bharat.
(Assistant Manager Taxation)
(508 Points)
Replied 05 July 2011
dear madhvi..thnx for ur effort.
but this was not my question..
well.. it is resolved now..
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 05 July 2011
| Originally posted by : Abhiram Bharat.... CA FINAL.. | ||
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please let me know at the earliest the followings. 1. in GTA the reciever 9x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service. but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ? is my view correct. urgently needed. kind regards abhiram bharat |
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9XLTD IS LIABLE TO PAY SERVICE TAX
9X LTD WILL NOT DEDUCT TDS AS THE TRANSPORTER HAS PROVIDED PAN
Rajiv Sinha
(Manager(F & A))
(34 Points)
Replied 06 July 2011
If transporter giving pan no,then no need to deduct TDS.
CAclubindia
