Rate on service tax on freight
This query is : Resolved
24 February 2013
WE ARE MANUFACTURER, GOODS ARE SUPPLIED BY SUPPLIERS THROUGH TRANSPORTERS .
THE CALCULATED SERVICE TAX WILL BE DEPOSITED BY US.
WHAT RATE WILL BE APPLICABLE ON THEIR BILLS.
PLEASE CLEARFY.
THANKS
VINAY KALE
WE ARE MANUFACTURER, GOODS ARE SUPPLIED BY SUPPLIERS THROUGH TRANSPORTERS .
THE CALCULATED SERVICE TAX WILL BE DEPOSITED BY US.
WHAT RATE WILL BE APPLICABLE ON THEIR BILLS.
PLEASE CLEARFY.
THANKS
VINAY KALE
25 February 2013
Hi
Payment of GTA Service effectively is @ 3.09% [(100 Rs. Freight-75% abatement)*12.36%]. However, payment is only required to be made in cash or bank. No CENVAT Credit can be used.
Thanks!!
Payment of GTA Service effectively is @ 3.09% [(100 Rs. Freight-75% abatement)*12.36%]. However, payment is only required to be made in cash or bank. No CENVAT Credit can be used.
Thanks!!
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- HOUSING LOAN ISSUE
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- ITR 4 and Bank transactions
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- TDS AND ITR ISSUE
- Journal entry of busniess expenses
- Cash balance limit and property purchases limit
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
