Rate of service tax

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VANYA GARG (Querist)

06 April 2012 Sir,
Plz tell me the rate of Service tax to be charged where bill had been raised in the month of march and payment will be received in the month of april in case of transportation services

Mihir Doshi

Mihir Doshi (Expert)

06 April 2012 Dear Vanya,

If the transportation services availed before 31st March 2012, then rate of service tax is 10% otherwise 12%

Thanks
Mihir Doshi

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CA Gangadhar Mishra

CA Gangadhar Mishra (Expert)

06 April 2012 If Invoice raised before 31.03.2012 service tax rate will be @ 10.3% and there after @ 12.36% on accrual basis.

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CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)

06 April 2012 Ms. Vanya,

In transportation service tax is paid on reverse charge basis and the person who are paying service tax on reverse charge basis, is liable for service tax on payment basis.
The rate in case will be 12.36%

VANYA GARG

VANYA GARG (Querist)

06 April 2012 Sir, Plz clarify me Reverse Charge basis

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)

06 April 2012 Reverse charge basis means person liable for payment of service tax is the person who is receing the services.
hence, in this case the person receing the transportation service will be liable for service tax.

VANYA GARG

VANYA GARG (Querist)

06 April 2012 Sir,
Till now a person is paying the service Tax after raising the invoice of Transportation invoice and his advocate also did not tell him anything about this
is this payment is wrong?

Can u provide me the link where I can clear all my concepts about Service Tax on Transportation Service?

Thanks in advance

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)

06 April 2012 Ms. Vanya,

you will have to study GTA service under service tax in detail first.

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