GTA Exemption
This query is : Resolved
27 June 2008
Is it now no need to deposit service tax on transportion(Purchase of Raw & Packing material ,Trading Purchase,Sale of Finish Goods) 25% of taxable amount ?
27 June 2008
No, its not like that.
You are still required to pay service tax received by you on account of carriage of goods by a goods transport agency at the an effective rate of 25% of the taxable amount.
Regards,
Ajay
You are still required to pay service tax received by you on account of carriage of goods by a goods transport agency at the an effective rate of 25% of the taxable amount.
Regards,
Ajay
27 June 2008
It is the person who supplies tangible goods i.e., trucks, lorries etc., to transport agencies (GTAs)to whom this exemption is applicable.
27 June 2008
Yes,
Aggreed with Suryam, the recent notification 29/2008 applies to person who supplies goods carriage (like truck, lorries etc) to a GTA.
Also, this exemption is for clause zzzzj (which relates to service of supplying tangible assets without transfering possession or effective control) and not zzp (which relates to GTA service).
Regards,
Ajay Gumbar.
Aggreed with Suryam, the recent notification 29/2008 applies to person who supplies goods carriage (like truck, lorries etc) to a GTA.
Also, this exemption is for clause zzzzj (which relates to service of supplying tangible assets without transfering possession or effective control) and not zzp (which relates to GTA service).
Regards,
Ajay Gumbar.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
