Goods Transport Agency
This query is : Resolved
Pawan Patil
(Querist)
02 March 2008
Respected Sir,
Is it Service Tax Exampt on GTA (GOODS Transport Agency )as per Budget 2008-09?
Previous Budget 2007-08 ? We have to Pay Service Tax on 25 % of freight value (i.e. 75 % abatement on freight)
Your immediate reply will be highly appreciated
With best regards,
Vilas Choudhari
Respected Sir,
Is it Service Tax Exampt on GTA (GOODS Transport Agency )as per Budget 2008-09?
Previous Budget 2007-08 ? We have to Pay Service Tax on 25 % of freight value (i.e. 75 % abatement on freight)
Your immediate reply will be highly appreciated
With best regards,
Vilas Choudhari
CA. GOPAL SONIKA
(Expert)
02 March 2008
Nothing related to the concerned was pointed in this budget
MANISH MISHRA
(Expert)
03 March 2008
now Service tax payable on GTA service shall be only on 25% of the gross amount charged as freight.
GTA service providers shall not be allowed to avail input credit under Cenvat Credit Scheme.
Rule 2(p) is being amended by FB 08 so as to exclude goods transport agency service from the scope of “output service”.
so the present situation is pay service tax on 25% of gross amount as section 67 read with valuation rule.
GTA service providers shall not be allowed to avail input credit under Cenvat Credit Scheme.
Rule 2(p) is being amended by FB 08 so as to exclude goods transport agency service from the scope of “output service”.
so the present situation is pay service tax on 25% of gross amount as section 67 read with valuation rule.
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