Credit of Service Tax
This query is : Resolved
11 August 2008
We have made a payement to Transpoter on account of "Octroi". we had contract with them for Octroi.Payment made on behlaf of us & they charged 3% as a service charges on octroi amount & after that i.e. Octroi Amount + Service charged they claim Service tax on Serivce Amount.
please let me suggest Is it possible,they will claim for service tax? if Yes then is is possible for us to take the credit of the same amount
please let me suggest Is it possible,they will claim for service tax? if Yes then is is possible for us to take the credit of the same amount
11 August 2008
We have made a payement to Transpoter on account of "Octroi". we had contract with them for Octroi.Payment made on behlaf of us & they charged 3% as a service charges on octroi amount & after that i.e. Octroi Amount + Service charged they claim Service tax on Serivce Amount.
please let me suggest Is it possible,they will claim for service tax? if Yes then is is possible for us to take the credit of the same amount
please let me suggest Is it possible,they will claim for service tax? if Yes then is is possible for us to take the credit of the same amount
18 August 2008
Service tax will be charged on the gross amount charged by the transporter whether it includes octroi etc. Because the whole amount paid to the transporter is on account of Service of Transportation of goods from one place to other. therefore we will have to pay the service tax on the whole amount paid to transporters without breaking it into parts. However, abatement of 75% can be availed.
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
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- TDS on Purchase of Immovable Property by NRI from NRI
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
