How % service tax charge on bill/invoice for transport by ro
This query is : Resolved
12 October 2015
Dear Experts,
I having Proprietor firm based in Delhi for transport of moving material in Delhi, Haryana, Rajasthan & UP only.
I wish to know is here I need to charge Service Tax on bill, if yes so what is the % which I need to charge on it and how I deposit it to Service Tax Department?
Please help on this, I started a new Business.
Regards
Sandeep
I having Proprietor firm based in Delhi for transport of moving material in Delhi, Haryana, Rajasthan & UP only.
I wish to know is here I need to charge Service Tax on bill, if yes so what is the % which I need to charge on it and how I deposit it to Service Tax Department?
Please help on this, I started a new Business.
Regards
Sandeep
28 July 2024
India has transitioned from service tax to Goods and Services Tax (GST) on July 1, 2017. Before GST, the service tax rate on transport services was 4.5%, including 0.15% cess. Invoices must mention the service tax amount separately, and payments are made through the CBEC-GST (Central Board of Excise and Customs) under the 'TRACES' system. Regular returns are required to report and pay the service tax collected.
Post-GST, the GST rate for transport services is 5% (without input tax credit) or 12% (with input tax credit), depending on the composition scheme or regular scheme. Invoices must mention the GST rate and amount separately, and payments and filings are made through the GST portal. To ensure GST compliance, businesses must register under GST, issue GST-compliant invoices, file returns, and maintain records. Consult a tax professional or GST consultant for tailored guidance and compliance with current tax laws.
Post-GST, the GST rate for transport services is 5% (without input tax credit) or 12% (with input tax credit), depending on the composition scheme or regular scheme. Invoices must mention the GST rate and amount separately, and payments and filings are made through the GST portal. To ensure GST compliance, businesses must register under GST, issue GST-compliant invoices, file returns, and maintain records. Consult a tax professional or GST consultant for tailored guidance and compliance with current tax laws.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- STCG on ETF gold & silver
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
