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!!
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