Applicablity of Service tax
This query is : Resolved
CA Sanjay Baheti
(Querist)
30 September 2010
Whether carting/ Freight/Transportation Income or receipts are subject to service Tax under service tax Act if total receipts are exceeding the precribed exemption limit in case of SSI.
Madhukar N Hiregange
(Expert)
01 October 2010
Most of the activities of transportation come under GTO- Operator/ owner services which are not covered under ST. ONLY GTA services are covered.
If you are a GTA the reciver of your service would be required to pay the ST as long as he is a specified person.
If you are a GTA the reciver of your service would be required to pay the ST as long as he is a specified person.
02 October 2010
The SSI exemption for Service tax operates for GTA in 2 parts:
Where GTA( Transporter) is NOT liable to pay tax for eg. consignor/consignee is factory, company etc. : Turnover not added in SSI limit
Where GTA is liable to pay tax on cases not covered in above situation : Turnover added in GTA
It may further be noted that the turnover( freight) to be taken for computation is gross freight and should not be confused as after exemption (25%)
Where GTA( Transporter) is NOT liable to pay tax for eg. consignor/consignee is factory, company etc. : Turnover not added in SSI limit
Where GTA is liable to pay tax on cases not covered in above situation : Turnover added in GTA
It may further be noted that the turnover( freight) to be taken for computation is gross freight and should not be confused as after exemption (25%)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
