Gta service
This query is : Resolved
22 December 2012
We are in to construction business (pvt ltd co),we take cenvat credit of service tax paid of input service.
As per reverse charge we (Co) have to pay service tax on gta service ,
can we avail abatement of 75% which was available to gta service provider, by taking declaration from transporter that he is not taking cevvat credit.
or
do we have to pay 100% service tax,
Thanks In Advance
As per reverse charge we (Co) have to pay service tax on gta service ,
can we avail abatement of 75% which was available to gta service provider, by taking declaration from transporter that he is not taking cevvat credit.
or
do we have to pay 100% service tax,
Thanks In Advance
23 December 2012
No you need not pay 100% Tax. Pay tax on 25% of Invoice & take Cenvat of same.
23 December 2012
Thanks Sahil for ur reply
But also check the link given below
https://www.caclubindia.com/experts/service-tax-on-gta-on-rcm-basis-1176159.asp#.UNavveTBPoI
But also check the link given below
https://www.caclubindia.com/experts/service-tax-on-gta-on-rcm-basis-1176159.asp#.UNavveTBPoI
24 December 2012
I do not agree with the above link. And it's logical that there is no benefit to department in either case.
27 December 2012
Yes Agree with Sahil singla.
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