GTA (Service Tax)
This query is : Resolved
Harish Aggarwal
(Querist)
16 July 2010
Dear Expert,
We are manufacturer of x material (excisable goods) & we have get registered our mfg. unit under excise, we are depositing Service tax-GTA & taking input credit on transporter service used for our mfg. unit
Other than above business we are also trading in y material from other office address, we have Purchased y material from manufacturer & sold to buyer charging nil rate of Sales tax against H-Form (buyer further exported the goods & issued us H-Form)
Freight from manufacturer's site to Buyer's shipping port have been paid by us, transporter's bill is also issued in favor of us.
Based on above facts, kindly advise us whether we are liable to deposit the service tax-GTA @ 2.575% on traded goods & can we take input for that also
We are manufacturer of x material (excisable goods) & we have get registered our mfg. unit under excise, we are depositing Service tax-GTA & taking input credit on transporter service used for our mfg. unit
Other than above business we are also trading in y material from other office address, we have Purchased y material from manufacturer & sold to buyer charging nil rate of Sales tax against H-Form (buyer further exported the goods & issued us H-Form)
Freight from manufacturer's site to Buyer's shipping port have been paid by us, transporter's bill is also issued in favor of us.
Based on above facts, kindly advise us whether we are liable to deposit the service tax-GTA @ 2.575% on traded goods & can we take input for that also
Ram Avtar Singh
(Expert)
16 July 2010
If you are Booking cartage in your Books then You will pay service tax. You can take cenvat credit of service tax on input cartage. No service tax cenvat credit on output cartage. Except stock transfer/jobwork up & Down. cartage.
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
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- ARCA LOGIN
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
