Reverse charges
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 April 2014
At what % service tax should be deducted on GTA under reverse charges if GTA is not registered under service tax.
Since as per 30/2012 person liable to pay to GTA is also liable to pay service tax (100% under reverse charges) provided service receiver is specified entity
But as per notification 26/2012 : abatement of 75 % only available to GTA those are not taking CENVAT credit on input , input service & capital goods taken for providing output service
But GTA those are not registered under service tax are not eligible for CENVAT thus as per my opinion in above mention case we shout pay service tax @ 12.36%
Pls provide your valuable advice
Thank to all
Amit Kumar thakur
Since as per 30/2012 person liable to pay to GTA is also liable to pay service tax (100% under reverse charges) provided service receiver is specified entity
But as per notification 26/2012 : abatement of 75 % only available to GTA those are not taking CENVAT credit on input , input service & capital goods taken for providing output service
But GTA those are not registered under service tax are not eligible for CENVAT thus as per my opinion in above mention case we shout pay service tax @ 12.36%
Pls provide your valuable advice
Thank to all
Amit Kumar thakur
22 April 2014
1 GTA Service receiver payable only.
2 the receiver only on 25% on gross @12.36% average 3.09% liable S Tax as per abatement notification 30/2012-st.
3 GTA service category only not eligible avail of CenVat credit taken.
2 the receiver only on 25% on gross @12.36% average 3.09% liable S Tax as per abatement notification 30/2012-st.
3 GTA service category only not eligible avail of CenVat credit taken.
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