Rate of tax

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2014 what is the rate of service tax on goods carrier service with abatement ?

Annu Agarwal

Annu Agarwal (Expert)

14 June 2014 Rate of service tax is 12.36%.In case of GTA there is an abatement of 75%.

Annu Agarwal

Annu Agarwal (Expert)

14 June 2014 Rate of service tax is 12.36%.In case of GTA there is an abatement of 75%.

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 whether it comes to 3.09% in case a goods carrier firm, if the firm has to charge service tax ?

Annu Agarwal

Annu Agarwal (Expert)

15 June 2014 yes the rate would be 3.09%

Querist : Anonymous

Querist : Anonymous (Querist)

15 June 2014 can a firm can opt for reverse charge in the case of goods carrier service and at what rate the service recepient would pay service tax ?

Annu Agarwal

Annu Agarwal (Expert)

16 June 2014 Where the service recepient is a partnership firm,in cse of GTA,servic etax shall be paid by the firm under reverse chareg as service receiver.The rate shall be 3.09% provided the service provider has not take not taken the Cenvat Credit on Input services,Inputs and capital goods.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now