Applicability of transport of goods by road
This query is : Resolved
03 October 2015
Dear Sir,
We are a pvt ltd company and engaged in the transport of goods.
We receive the goods from another Pvt Ltd Company and send this to other individuals, firms and other companies by using our own truck and hired trucks.
Please clarify whether service tax is payable by us if yes the rate of service tax and whether we need to collect the service tax or to pay from own pocket as per reverse charges.
please clarify.
Thanks
We are a pvt ltd company and engaged in the transport of goods.
We receive the goods from another Pvt Ltd Company and send this to other individuals, firms and other companies by using our own truck and hired trucks.
Please clarify whether service tax is payable by us if yes the rate of service tax and whether we need to collect the service tax or to pay from own pocket as per reverse charges.
please clarify.
Thanks
03 October 2015
Service tax payable only when consignment note is issued.
03 October 2015
We issue the consignment note
03 October 2015
Who is paying the freight.
03 October 2015
Freight is paid by our customer for whom we supply the goods.
secondly we also pay the freight for the hiring charges of the other vehicles.
secondly we also pay the freight for the hiring charges of the other vehicles.
04 October 2015
No service tax applicable on hiring of the vehicle by GTA.
You are liable to pay service tax only for freight paid by individuals not registered with central excise, at 14% on 30% of freight value. For freight paid by others RCM applicable you need not pay any service tax.
You are liable to pay service tax only for freight paid by individuals not registered with central excise, at 14% on 30% of freight value. For freight paid by others RCM applicable you need not pay any service tax.
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