Service tax applicablity on gta
This query is : Resolved
27 June 2012
D/sir
i have a proprietorship Business. I am paying Freight Approx. 40 Lac yearly for material purchase from Rajasthan,Gujrat etc.The Transporters are not charging Service Tax on GR .I have not Service tax Registration.Do I need to Registered from Service Tax for GTA.
The liability of Service tax on Transportation is my or Transporters.
i have a proprietorship Business. I am paying Freight Approx. 40 Lac yearly for material purchase from Rajasthan,Gujrat etc.The Transporters are not charging Service Tax on GR .I have not Service tax Registration.Do I need to Registered from Service Tax for GTA.
The liability of Service tax on Transportation is my or Transporters.
27 June 2012
Under reverse charge mechanism, if the consignor or consignee is a) Any factory (factories act) b) any dealer in excisable goods (regd under excise act) c) any body corporate, d) any firm registered or not incldng association of persons, e) any society established under any law are liable to pay the service tax after availing 75% abatement. sole proprietor is not covered in the notification.
27 June 2012
Se 68 prescribes for person liable to pay service tax, sub section 2 states category of person laible to pay service tax a recipient. Which covers person liable to pay freight is responsible for paying ser tax. The manner of payment is as clarified by RK
28 June 2012
Thanks Mr Dayal for your support.
r.k rengaraj
r.k rengaraj
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
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Itr 1 processing
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
