Gta payment
Querist : Anonymous
A registered Pvt Ltd. Company is engaged in Paper Trading.
Company is paying GTA / service tax on incoming consingments . Total incoming freight amount annually is
Total Annual Freight Rs 12.00 lacs
Less : 75% Abatment Rs 9.00 Lacs
Balance Rs 3.00 Lacs
Service Tax Liability @ 12.36% is Rs 37,080/= annually.
My question is as after deduction of abetment, service tax is applicable only on Rs 3.00 lacs which is very less than TRASH HOLD LIMIT of Rs 10.00 lacs !
Is said TRASH HOLD limit of Rs 10.00 lacs per annum is applicable to GTA Payments ?
Please guide me with quoting notifications / circulars etc.
Regards
Querist : Anonymous
Thanks for your reply
Regards
Click here to login now
Similar Resolved Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
