Applicability of rcm
This query is : Resolved
Akshay Gupta
(Querist)
25 March 2014
If a company avails a service of relocation of official goods from one office to another then is it liable to service tax under RCM?
CA. RAVIKUMAR
(Expert)
25 March 2014
Yes taxable under RCM.
Exemption is available for following
1)Transportation of agricultural produce.
2)Gross Amount Rs 1500/- in case of Multiple consignment and Rs 750/- in case of single consignment
3) Transportation of foodstuff Other goods like chemicals, fertilizer, oil cakes,relief material for victims of disaster and lastly defense or military equipment.
Abatement:
75% abatement is available
Exemption is available for following
1)Transportation of agricultural produce.
2)Gross Amount Rs 1500/- in case of Multiple consignment and Rs 750/- in case of single consignment
3) Transportation of foodstuff Other goods like chemicals, fertilizer, oil cakes,relief material for victims of disaster and lastly defense or military equipment.
Abatement:
75% abatement is available
Akshay Gupta
(Querist)
27 March 2014
Actually in this case the company has availed the service of transportation of IT equipments.
So, would it be covered under cargo handling service if it involves packing and transportation?
Plese read the link below.
https://indiabudget.nic.in/ub2008-09/cen/dojstru2.pdf
So, would it be covered under cargo handling service if it involves packing and transportation?
Plese read the link below.
https://indiabudget.nic.in/ub2008-09/cen/dojstru2.pdf
CA. RAVIKUMAR
(Expert)
27 March 2014
If that is the case it becomes a cargo handling service and RCM is not applicable on the same.
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