How to calculate service tax liability
This query is : Resolved
26 November 2011
hello
i want to know how to calculate the service tax liability for the pvt ltd company who received the raod transport service, if the transporter is not paying the service tax , is company is liable to pay the tax , how th calculate if the monthly payment is app 2500-4000.
and if transporter is paying the service tax .
i want to know how to calculate the service tax liability for the pvt ltd company who received the raod transport service, if the transporter is not paying the service tax , is company is liable to pay the tax , how th calculate if the monthly payment is app 2500-4000.
and if transporter is paying the service tax .
26 November 2011
Value of Service(I.e 2500-4000) * 25% * 10.3% (75% Abatement on GTA)
Note : This Abatement is Applicable in either cases when SP or SR is Liable to Pay Service Tax.
No Adjustment of Input can be Done (i.e this amount has be paid in Cash) since Rule 2(p) of CCR,2004 specifically excludes service under section 65(105)(zzp) i.e GTA Service.
Note : This Abatement is Applicable in either cases when SP or SR is Liable to Pay Service Tax.
No Adjustment of Input can be Done (i.e this amount has be paid in Cash) since Rule 2(p) of CCR,2004 specifically excludes service under section 65(105)(zzp) i.e GTA Service.
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