Service registration for trading company
This query is : Resolved
21 March 2015
Dear sir,
We are starting trading business on Apr on wards.In connection with our trading activity we are purchase good through Parcel service .In this case any service tax registration is required on tax on transport service
We are starting trading business on Apr on wards.In connection with our trading activity we are purchase good through Parcel service .In this case any service tax registration is required on tax on transport service
21 March 2015
You have to pay service tax on parcel service (goods transport agency) under reverse charge. So registration under service tax is required.
Message likes :
1 times
21 March 2015
Dear sir,
Thank your for your reply.
I have following doubt
1.If the transporter no registered with service tax (local transport)
2.IF the transporter is registered ,in this invoice tax is included ,in that case we have pay extra service tax
3. If any exemption in the rule for overcome this .
Thank your for your reply.
I have following doubt
1.If the transporter no registered with service tax (local transport)
2.IF the transporter is registered ,in this invoice tax is included ,in that case we have pay extra service tax
3. If any exemption in the rule for overcome this .
21 March 2015
As per Section 65B(26) of the Finance Act, 1994; “Goods Transport Agency means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called”. Therefore, issue of Consignment Note (C/N) is integral and mandatory requirement before any road transport can be said to be GTA.
If your transporter is a local transporter and not issuing consignment note you are not liable to pay service tax under RCM.
If the person sending the goods pays the freight and service tax you are not liable.
If your transporter is a local transporter and not issuing consignment note you are not liable to pay service tax under RCM.
If the person sending the goods pays the freight and service tax you are not liable.
Message likes :
1 times
22 March 2015
In continuation with seetharaman ji, if the charges for consignment are upto 750 for single consignee and 1500 for single goods carriage then the services are exempted and not liable to be taxed.
Further if your status is individual, then also no reverse charge is applicable. For further analysis and updations on Indirect taxation you can log in to our website www.indirecttaxprofessionals.com
Further if your status is individual, then also no reverse charge is applicable. For further analysis and updations on Indirect taxation you can log in to our website www.indirecttaxprofessionals.com
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- DELIVERY GOLD & SILVER AND OTHER ETF TRADING PROFIT AS BUSINESS INCOME
- GSTR-1A How to update Invoice
- Excess salary payment.
- 3cd- cash system of accounting is allowed?
- Provision for loans that are under Revenue Recovery
- APPLICABILITYOF GST ON STUDENT HOSTEL FEES
- Form 121-contradictory opinions
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Is Personal Guarantee of Director is Compulsory in case of loan to company ??
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
