Reverse charge
This query is : Resolved
03 July 2014
do ST reverse charge required to be paid on payment made to transporters ? IF yes then rate at which service tax reverse charge will be paid? is there limit on amount of expenditure?
03 July 2014
Services of 'transport of goods by road' provided by a 'goods transport agency' to the consignor or consignee in an 'organized sector' is a taxable service covered under RCM. Provider has no liability whereas the recipient has to pay 100% ST.
Ps:- For the meaning of 'organized sector', please see Clause IA(ii)(a) to (f) of notification 30/212-ST dated 20.6.2012.
Ps:- For the meaning of 'organized sector', please see Clause IA(ii)(a) to (f) of notification 30/212-ST dated 20.6.2012.
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03 July 2014
is there any limit on per day transportation charges i.e. if per day less than 1500 then no need to pay st on transportation charges?
Ganeshbabu K
(Expert)
03 July 2014
Yes.Mega Exemption Notification No. 25/2012-ST has exempted low value consignments from the levy of service tax, as follows:
(1)Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500 or
(2) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750
(1)Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500 or
(2) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750
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04 July 2014
Service recipient who pays ST under RCM can avail the benefit of notification 34/2004-ST dated 3.12.2004.
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04 July 2014
Neha Ji
Please note that notification 34/2004-ST has been rescinded by notification 34/2012-ST. Still exemption can be availed under RCM vide notification 25/2012-ST as rightly pointed out by Ganeshbabu Ji
Please note that notification 34/2004-ST has been rescinded by notification 34/2012-ST. Still exemption can be availed under RCM vide notification 25/2012-ST as rightly pointed out by Ganeshbabu Ji
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