Service tax
This query is : Resolved
12 April 2013
from when service tax is applicable to transporter good transport by road and what is the service tax to be charged will servic paid is available for setoff how to calculate service tax on transporter by road
13 April 2013
As per my knowledge it is applicable from 1.1.2005.
Value of taxable service = Service amount * 25%
Service tax = Value of service as above *12.36%( including cess)
service tax paid can be taken as Cenvat credit by service receiver for inward transportation of inputs and capital goods & outward transportation up to the place of removal( subject to other conditions )
Value of taxable service = Service amount * 25%
Service tax = Value of service as above *12.36%( including cess)
service tax paid can be taken as Cenvat credit by service receiver for inward transportation of inputs and capital goods & outward transportation up to the place of removal( subject to other conditions )
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