Gta

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2015
In case of GTA in service tax on which basis we can pay GTA either the amount which we can shown on our invoice or the amount which we can directly give to our transporter.

In RCM case Date on invoice is May 2015 & bill was booked is june 2015.So on which percentage we can pay liability either 12.36 % or 14%.

Eagerly waiting for feedback.

Ramesh

Ramesh (Expert)
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03 July 2015 Hi! It will be determined as provisions of Rule 4 "Determination of point of taxation in case of change in effective rate of tax". Here three things will be checked:1 Provision of Service 2 Date of Invoice and 3 Date of payment. If any two out of above three happened before 1st june,2015, old rate (12.36%) otherwise new rate (14%) will be applicable.

Rgds,
Ramesh

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