13 October 2012
Dear sir We are a manufacturer Unit we are purchase Raw Material. purchase bill freight show exam Qty rate Basic Value 500 100/kg 50000 freight 2000 _____ 52000 excise duty 12% 6240 Ed Cess 2% 125 Hed Cess 1% 62 _____ 58427 Vat @ 5% 2921 _____ total value 61348 ---- ----
which person service tax paid on inward freight and outward freight
if inward freight on u paid excise duty as on above then what happend if exempt whinch notification and which rule any exmemption limit freight inward or outward
14 October 2012
It seems that the price charged for the purchase from you by the supplier is inclusive of freight. The amount of transportation charges is paid by your supplier to GTA and you are not paying to transporter or GTA. The supplier of raw material is not GTA and therefore you need not pay any service tax under RCM
CAclubindia
