Gta
This query is : Resolved
Ritesh Bharadiya
(Querist)
28 August 2013
Dear sir
please tell me what is GTA. Who is applicable for GTA & their calculation. what is criteria for payment of GTA.
please tell me what is GTA. Who is applicable for GTA & their calculation. what is criteria for payment of GTA.
Ganeshbabu K
(Expert)
28 August 2013
Goods Transport Agency:-
1)Tax when consignment note issued. Simple transport of goods service (without issue of consignment note) is not a GTA service.
2)Person liable to freight is liable to pay service tax on GTA if he is body corporate, factory, registered dealer under Central excise, society, cooperative society, partnership firm (registered or not).
3)Tax on 25% if GTA does not avail Cenvat Credit – Hence service receiver should get certificate from him that he has not availed Cenvat credit.
**4)GTA is liable to pay service tax if (a) person liable to pay freight is individual or HUF (b) Person liable to ay freight is outside taxable territory (like J&K, Nepal, Bhutan, Bangla Desh, Pakistan etc.).
1)Tax when consignment note issued. Simple transport of goods service (without issue of consignment note) is not a GTA service.
2)Person liable to freight is liable to pay service tax on GTA if he is body corporate, factory, registered dealer under Central excise, society, cooperative society, partnership firm (registered or not).
3)Tax on 25% if GTA does not avail Cenvat Credit – Hence service receiver should get certificate from him that he has not availed Cenvat credit.
**4)GTA is liable to pay service tax if (a) person liable to pay freight is individual or HUF (b) Person liable to ay freight is outside taxable territory (like J&K, Nepal, Bhutan, Bangla Desh, Pakistan etc.).
Ritesh Bharadiya
(Querist)
23 September 2013
Thanks Sir
But if we received single bill below the amount of Rs.750/- then GTA is applicable or not? and GTA is on billing basis?
But if we received single bill below the amount of Rs.750/- then GTA is applicable or not? and GTA is on billing basis?
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