GTA - on gross freight or net of recoveries if any??
This query is : Resolved
02 June 2011
If the transporter charged Rs. 5000 as transportation charges for transport of goods. But the payment made after deducting Rs. 500 for delay in delivery/ loss of goods etc, then paid remaining amount Rs. 4500.
1.what is the tax liability? Is it on Rs. 5000 or on Rs. 4500?
2. If the payment made in two months say Rs. 2000 in May 2011, and Rs. 2500 in June 2011. Then what is the service tax liability for the months specified??
It will be more helpful, if you provide extracts of relavent provisions of Service tax law..
1.what is the tax liability? Is it on Rs. 5000 or on Rs. 4500?
2. If the payment made in two months say Rs. 2000 in May 2011, and Rs. 2500 in June 2011. Then what is the service tax liability for the months specified??
It will be more helpful, if you provide extracts of relavent provisions of Service tax law..
02 June 2011
Based on the payments made i.e. only on 4500. First month on 2000 and next 2500 on 25% of the amount @10.3%.
03 June 2011
Relavent Extract of Law, if available pls???
10 July 2023
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