GTA + Abatement
This query is : Resolved
06 July 2009
Suppose the Freight bill received from an GTA on which no service tax is charged ( as freight will be payable by us) contain following items:
Freight RS. 3000
Service Charges RS. 100
Hamali Charges RS. 50
Extra Charges RS. 50
Total Amt. Rs. 3200
The Co. wants to take abatement @ 75%
My Query is:
Service tax payable on 25% of freight will be calculated on RS. 3000 (i.e. on Freight amt. only) or Rs.3200 (i.e. on total amt. including above charges).
Freight RS. 3000
Service Charges RS. 100
Hamali Charges RS. 50
Extra Charges RS. 50
Total Amt. Rs. 3200
The Co. wants to take abatement @ 75%
My Query is:
Service tax payable on 25% of freight will be calculated on RS. 3000 (i.e. on Freight amt. only) or Rs.3200 (i.e. on total amt. including above charges).
06 July 2009
Yes you are right, but service tax payable in following case,
1) Single trip freight over & above Rs1400/-
2) in Double trip Freight amount over & above Rs700/-
Regards,
Ashok
1) Single trip freight over & above Rs1400/-
2) in Double trip Freight amount over & above Rs700/-
Regards,
Ashok
07 July 2009
Abatement of 75 % would be available.
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