Gta (reverse charge & service tax)
This query is : Resolved
13 November 2013
In respect of service by a GTA, service tax is payable by Service Receiver if required to be paid under reverse charge.
As per 30/2012, 100% of the Service Tax is payable by the person receiving the service.
As per 26/2012, Service tax is payable only on 25% of the gross amount charged.
So,my understanding is that, I will pay 100% of the service tax which is calculated after taking the abatement of 75% as per 26/2012. Is this correct? or do I have to pay service tax on the entire gross amount if I only read 30/2012.
As per 30/2012, 100% of the Service Tax is payable by the person receiving the service.
As per 26/2012, Service tax is payable only on 25% of the gross amount charged.
So,my understanding is that, I will pay 100% of the service tax which is calculated after taking the abatement of 75% as per 26/2012. Is this correct? or do I have to pay service tax on the entire gross amount if I only read 30/2012.
13 November 2013
Your understanding is correct. you have to reduce gross value of service (i.e. freight ) by 75% then calculate service thereon @12.36% and pay under reverse charges
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