GTA
This query is : Resolved
12 July 2011
1)
Manufacturer paid freight for GTA service,whether manufacturer have to deduct it from payment to GTA or have to pay out of Pocket to gov.?
2) if manufacturer have allready paid to party but have not dedcuted any service tax then he have to calculate service tax asumming incluisive(payment*25%*10/110) or Not(payment*25%*10/100)?
Manufacturer paid freight for GTA service,whether manufacturer have to deduct it from payment to GTA or have to pay out of Pocket to gov.?
2) if manufacturer have allready paid to party but have not dedcuted any service tax then he have to calculate service tax asumming incluisive(payment*25%*10/110) or Not(payment*25%*10/100)?
12 July 2011
GTA can not be deducted from transporter, its additional tax to be deposited by manufacturer, for GTA used by them.
rate is 10.3% of which 75% abatememnt is available and 25% is payable.
rate is 10.3% of which 75% abatememnt is available and 25% is payable.
13 July 2011
thanks....
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