Exemption Limit of Rs.10 Lakhs applicable to GTA?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2011 I am running a proprietary business of transportation of Goods by Road, we don't owned any Goods Carriage ( Transport Vehicle). I am confused in certain matters regarding Service Tax.
My questions are :

1) Whether I am a Goods Transport Agency? ( My CA registered my proprietary as a GTA)
2) If service tax is applicable to me than What is the assessable for service tax applicability?
3) Whether Exemption limit of 10 Lacs is applicable to GTA?
4) Initially we are paying service tax but at present our CA surrendered my ST-2 certificate because our turnover was below 10 Lacs. But in this FY 2011-12 we are expecting turnover more than 10 Lacs Rupee.
5) If he (CA) had not claimed exemption of 10 Lacs initially than can it be claimed now?

Dear Sir Kindly help me out in this Crucial case. Also let me know any specific notifications or circular regarding this.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

04 July 2011 Answers to questions are as follows:
1)Yes. Covered under GTA,(zzp), clause105 of sec65 of Finance act1994.
2)Assessable will be gross value of service provided.
3)Yes.
4)Fresh ST-2 certificate to be obtained from dept:with reference to previous ST-2 surrendered.
5)Yes. Liability to pay service tax on crossing exemption limit.
For Specific notifications/Circular pl: visit www.servicetax.gov.in

Your question has already been replied and Yes I agree with the experts. If your gross turnover is likely to exceed then apply for new Registration and once your turnover exceeds 20 Lacs then you charge the Service Tax in the bill and pay immediately after taking the benefit of set off if any.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok