Gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2015
IF ISSUE A SALES INVOICE AS PER GIVEN BELOW TYPE:- MR. A
QTY RATE AMOUNT
10 20000 200000
ADD: EXCISE @12.36 24720
ADD:- CST 4494
FREIGHT 35000
---------
264214
--------- FREIGHT BILTY ISSUE TO BE BILLED BUT FREIGHT EXP. IS NO ELEMENT OF P& L A/C. WHAT IS LIABLE FOR
PAY GTA PLEASE EXEPLANE ME.
QTY RATE AMOUNT
10 20000 200000
ADD: EXCISE @12.36 24720
ADD:- CST 4494
FREIGHT 35000
---------
264214
--------- FREIGHT BILTY ISSUE TO BE BILLED BUT FREIGHT EXP. IS NO ELEMENT OF P& L A/C. WHAT IS LIABLE FOR
PAY GTA PLEASE EXEPLANE ME.
02 January 2015
Dear Sir,
As freight is paid by seller himself and purchaser will just pay freight against invoice. Seller is liable to pay Service Tax. ( A person who pays or liable to pay freight is receiver of service and Reverse Charge Mechanism will be applicable if MR. A is covered under category of 6 person) If Mr. A is not covered under specified 6 person GTA will pay Service Tax.
As freight is paid by seller himself and purchaser will just pay freight against invoice. Seller is liable to pay Service Tax. ( A person who pays or liable to pay freight is receiver of service and Reverse Charge Mechanism will be applicable if MR. A is covered under category of 6 person) If Mr. A is not covered under specified 6 person GTA will pay Service Tax.
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