Ccr
This query is : Resolved
ANIMESH PANDEY
(Querist)
18 February 2016
sir ,
we are paying service tax on gta under reverse charge /
My questions are
1) How much abatement is available on it?
2)whether we can book CENVAT credit of service tax paid on gta services ?
we are paying service tax on gta under reverse charge /
My questions are
1) How much abatement is available on it?
2)whether we can book CENVAT credit of service tax paid on gta services ?
Suresh Ramaswamy
(Expert)
18 February 2016
Goods Transport Agency Services are covered under Reverse Charge Mechanism and as per Notification 30 / 2012 - ST dated 20th June 2012, the service recipient has to pay the full service tax applicable.
To compute the service tax liability, the service recipient is entitled to an abatement 70% and tax is payable on 30% of the invoice amount.
No CENVAT Credit can be booked and availed.
To compute the service tax liability, the service recipient is entitled to an abatement 70% and tax is payable on 30% of the invoice amount.
No CENVAT Credit can be booked and availed.
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