Rcm wrt gta
This query is : Resolved
24 August 2013
Dear sir..
Is the word "good" defined for the purpose of GTA under service tax...?
Also please let me know the provisions of GTA in these 3 cases of: transportation of cheques, currency notes, a article which was manufactured by me to be displayed in a museum.
24 August 2013
The "Goods" is defined u/s. 65B (25) of Service Tax Act as "goods" means every kind of movable property other than actionable claim and money; and includes securities, growing crops, grass, and things attached to or forming part of the land which are agreed to be severed before sale or under the contract of sale;"
Currency notes fall under currency and hence not goods.
Cheques if sent by printer to the Banks-may come under the definition of goods.
An article, even meant for display only, is goods.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
Currency notes fall under currency and hence not goods.
Cheques if sent by printer to the Banks-may come under the definition of goods.
An article, even meant for display only, is goods.
disclaimer- all answers are given as per the facts narrated by you. Answer may differ after study of full facts/statements/agreements etc. involved in the case
Message likes :
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24 August 2013
1)Service by way of transportation of goods by road is in negative list – except services of Goods Transport Agency (GTA) and Courier Agency
2)GTA and Courier agency both have different scope and reversecharge not applicable on courier agency bills
3)it is GTA service if goods transported with consignemnet note and then only reverse charge applicable
4)The courier agency maybe using GTA for which it wouldbe liable on reverse charge basis. As far as the company recives the courier bill it need not charge ST on reverse charge absis.
2)GTA and Courier agency both have different scope and reversecharge not applicable on courier agency bills
3)it is GTA service if goods transported with consignemnet note and then only reverse charge applicable
4)The courier agency maybe using GTA for which it wouldbe liable on reverse charge basis. As far as the company recives the courier bill it need not charge ST on reverse charge absis.
24 August 2013
The transportation of goods is either
1. a part or full consignment where the transporter issues an LR or
2. a consignment which is delivered to or lifted by the transporter and delivery to the consignee at his door step, or
3. cartage from one place, of consignor, to another, plae of consignee.
case 1 is covered by GTA and case 2 and 3 are by courier service
1. a part or full consignment where the transporter issues an LR or
2. a consignment which is delivered to or lifted by the transporter and delivery to the consignee at his door step, or
3. cartage from one place, of consignor, to another, plae of consignee.
case 1 is covered by GTA and case 2 and 3 are by courier service
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