Applicability of gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 May 2013
Dear Sir,
We are newly register Partnership Firm Our business is construction & Builder. we are purchasing various material by road transport. we are paying inward transportation on it more than 1000Rs. Per Trip. Are we liable to pay GTA ser. Tax. if yes. if any minimum amount require. what is the procedure. when it is applicable. at what rate.
Thanking You
Yeshwant
We are newly register Partnership Firm Our business is construction & Builder. we are purchasing various material by road transport. we are paying inward transportation on it more than 1000Rs. Per Trip. Are we liable to pay GTA ser. Tax. if yes. if any minimum amount require. what is the procedure. when it is applicable. at what rate.
Thanking You
Yeshwant
Shekhar Panwar
(Expert)
20 May 2013
as per service tax provision if u are making payment to gta and u are the specified person as per STR 2(1)(d)then you are the person liable to pay service tax for the service received from GTA by road.
procedure is you just have to act as if you are the one who is placing himself in the GTA's position and have to pay tax as per service tax provision i.e.when bill is raised or when payment is made whichever is earlier. and the rate shall be 3.09% of the value of the freight u r paying
if still have any doubt can reach to me.
Thanks & Regards
CA. Shekhar Panwar
+91-989-982-2020
stqinfo7@gmail.com
ca.shekhar.panwar@gmail.com
procedure is you just have to act as if you are the one who is placing himself in the GTA's position and have to pay tax as per service tax provision i.e.when bill is raised or when payment is made whichever is earlier. and the rate shall be 3.09% of the value of the freight u r paying
if still have any doubt can reach to me.
Thanks & Regards
CA. Shekhar Panwar
+91-989-982-2020
stqinfo7@gmail.com
ca.shekhar.panwar@gmail.com
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