Service tax applicabilty of truck hired on monthly contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2012
We have made an contract with an person/service provider that he will provide us service on monthly contrat basis suppose on Rs. 50000/- besides this we shall give him diesel ( Oil) for running the truck . salary / Cost of the diver will be paid by the contractor .
In this regard , please advise in which this service shell be deemend either in GTA or work contract or any other and how much % of service tax will be paid by us .
M.Verma
In this regard , please advise in which this service shell be deemend either in GTA or work contract or any other and how much % of service tax will be paid by us .
M.Verma
Amol S Joglekar
(Expert)
01 September 2012
Refer the reverse charge circular
CA NIKHIL OZA
(Expert)
04 September 2012
such service will be considered as GTA only..in such case 75% abatement is available...As such only on 25% of gross amount charged..As such s.tax will be payable on 25% of Rs50000...
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
