GTA -Service Tax on Freight paid
This query is : Resolved
29 June 2008
Dear Friends,
Please clarify
1.Is it service tax on freight is it with drawn as per notification 29/2008 dt 26.06.08.
If it so, the recipient of the serivce need not pay service tax on carriage inward as well as outward ?
Please clairfy
Dear Friends,
Please clarify
1.Is it service tax on freight is it with drawn as per notification 29/2008 dt 26.06.08.
If it so, the recipient of the serivce need not pay service tax on carriage inward as well as outward ?
Please clairfy
30 June 2008
No,
Service tax on transportion of goods through goods carriage by road (commonly known as GTA service) is taxable to tax as earlier. The liability to pay service tax is on service reciepient (as was earlier)
Notification 29/2008 provides exemption on any person who provides service of supply of tangible asset being goods carriage( like truck, lorries etc.) to Goods Transport Agent for use in GTA service.
Regards,
Ajay Gumbar.
Service tax on transportion of goods through goods carriage by road (commonly known as GTA service) is taxable to tax as earlier. The liability to pay service tax is on service reciepient (as was earlier)
Notification 29/2008 provides exemption on any person who provides service of supply of tangible asset being goods carriage( like truck, lorries etc.) to Goods Transport Agent for use in GTA service.
Regards,
Ajay Gumbar.
01 July 2008
Thanks
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
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- RATE AND HSN CODE
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- Sale of property held jointly with a non resident Indian
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- Taxability of Partnership firm for FY 2025-26
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
