Can we deduct service tax paid under rcm on gta
This query is : Resolved
14 November 2015
As we are Pvt ltd Company Registered as excise Dealers so we are Paying Service tax on GTA
Suppose
A Transporter had Been Raised Bill on our Company Name Amt 20000/-( Only Freight Amt) We have Already Paid Service Tax Under RCM by Taking Abatement of 70 % and Paid Tax on 30 % (20000*30 %) =6000*14%= 840/-
My Doubt is Can we Deduct 840/- and Pay Balance 19160/- to GTA
Request you to Kindly Suggest
Thanking You
Suppose
A Transporter had Been Raised Bill on our Company Name Amt 20000/-( Only Freight Amt) We have Already Paid Service Tax Under RCM by Taking Abatement of 70 % and Paid Tax on 30 % (20000*30 %) =6000*14%= 840/-
My Doubt is Can we Deduct 840/- and Pay Balance 19160/- to GTA
Request you to Kindly Suggest
Thanking You
CA R SEETHARAMAN
(Expert)
14 November 2015
No you can't deduct, you have to bear service tax.
16 November 2015
Sir,
Thanks for ur Reply
Can i Show Under indirect Expenses
Thanks for ur Reply
Can i Show Under indirect Expenses
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