Goods transportation agency service tax detais
This query is : Resolved
16 July 2014
DEAR SIR,
I WANT TO KNOW ABOUT THE APPLICABILITY OF SERVICE TAX ON GOODS TRANSPORTATION AGENCY.
1)ABOUT ABATEMENT
2)ABOUT MEANING OF COLORS OF CONSIGNMENT NOTE
Please give me details about service tax on
GTA
I WANT TO KNOW ABOUT THE APPLICABILITY OF SERVICE TAX ON GOODS TRANSPORTATION AGENCY.
1)ABOUT ABATEMENT
2)ABOUT MEANING OF COLORS OF CONSIGNMENT NOTE
Please give me details about service tax on
GTA
16 July 2014
As per your query, point wise reply is as under :
1.There is a abatement portion of 75% of freight amount. Only 25% amount of freight is liable for service tax at the rate of 12.36% on the condition that the Goods Transport Agency has not availed any cenvat credit on inputs, capital goods and Input services used for providing such service (Refer S.No.7 of Notification No.26/2012-ST dated 20.06.2012)
2.Original as white color, Pink as Duplicate, Yellow as triplicate. The same may be used for consignment notes.
1.There is a abatement portion of 75% of freight amount. Only 25% amount of freight is liable for service tax at the rate of 12.36% on the condition that the Goods Transport Agency has not availed any cenvat credit on inputs, capital goods and Input services used for providing such service (Refer S.No.7 of Notification No.26/2012-ST dated 20.06.2012)
2.Original as white color, Pink as Duplicate, Yellow as triplicate. The same may be used for consignment notes.
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- FTS Taxable under 115A
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
