Mega exemption items of june 2012
This query is : Resolved
04 March 2014
In mega exemption items of june 2012 there are two exemption limits given related to service of transporters one is Rs 750 & other is Rs.1500 what is the difference between them. How both limits can be differentiated.
05 March 2014
Mega Exemption Notification No. 25/2012-ST has exempted low value consignments from the levy of service tax, as follows:
(a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-; or
(b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-
(a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-; or
(b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-
05 March 2014
Find below Illustrations may helpful
ILLUSTRATION:
A company receives goods from a GTA in a truck. No other goods are loaded in that truck. The company pays freight of Rs. 1500/- to GTA. No service tax is payable by any person on this consignment as it is exempted.
ILLUSTRATION:
A company receives goods from a GTA in a truck. Some other goods not belonging to the company are also loaded in the truck. The company pays freight of Rs. 900/- to GTA. The freight of other goods is Rs. 500/-. Service Tax is not payable by the company on this consignment as the total freight for the truck is Rs. 1400 (<1501) so it is exempted.
ILLUSTRATION:
A company receives goods from a GTA in a truck. No other goods are loaded in that truck. The company pays freight of Rs. 1500/- to GTA. No service tax is payable by any person on this consignment as it is exempted.
ILLUSTRATION:
A company receives goods from a GTA in a truck. Some other goods not belonging to the company are also loaded in the truck. The company pays freight of Rs. 900/- to GTA. The freight of other goods is Rs. 500/-. Service Tax is not payable by the company on this consignment as the total freight for the truck is Rs. 1400 (<1501) so it is exempted.
05 March 2014
ILLUSTRATION:
In the above illustration, if the freight of other goods is Rs. 700/-, then the total freight for the truck is Rs. 1600 (>1500). Freight paid by company is Rs. 900 (>750). So, exemption is not available and the company should pay service tax on Rs. 900/-!!
For more doubts refer article by ManojAgarwal
https://www.caclubindia.com/articles/service-tax-on-gta-a-guide-19063.asp#.Uxb9xfQW11Z
In the above illustration, if the freight of other goods is Rs. 700/-, then the total freight for the truck is Rs. 1600 (>1500). Freight paid by company is Rs. 900 (>750). So, exemption is not available and the company should pay service tax on Rs. 900/-!!
For more doubts refer article by ManojAgarwal
https://www.caclubindia.com/articles/service-tax-on-gta-a-guide-19063.asp#.Uxb9xfQW11Z
Message likes :
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06 March 2014
thank u very much.There is no more doubt in my mind regarding this. Thanks a lot
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