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.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
