Rcm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2016
I had a query related RCM in service tax.
I am the Service receiver taking services from a Goods Transport Agency, The GTA is not raising any service tax amount in the bill But I had paid 30% service tax claiming 70% abatement on GTA services.
Now please tell me whether I m correct or not and how to show all this things in Tally.
Waiting for reply.
Thanks in advance
I am the Service receiver taking services from a Goods Transport Agency, The GTA is not raising any service tax amount in the bill But I had paid 30% service tax claiming 70% abatement on GTA services.
Now please tell me whether I m correct or not and how to show all this things in Tally.
Waiting for reply.
Thanks in advance
CA R SEETHARAMAN
(Expert)
21 June 2016
You are right. If you are a service provider keep the service tax paid under liability and claim cenvat on it. In case of trader charge it to expenses.
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