Service tax on freight ?
This query is : Resolved
CA Sahil Singla..
(Querist)
09 July 2012
Sir
I have a Non SSI Partnership Firm engaged in Manufacturing of Iron & Steel. During the year, I availed service of Good transport Agency as input service. The freight of all the Consignment Notes was less that Rs 750. Total amount of Freight paid was Rs. 50000 during the year to one Goods Transport Agency.
During Central Excise audit, The Superintendent of CE asked me to paid Service tax on Rs. 12500 i.e. 25% of 50000. He said that exemption of Rs. 750 has been withdrawn under reverse charge basis. Is he correct ? is there been any changes ? Plz tell me the relevent notification he is relying upon. ?
I have a Non SSI Partnership Firm engaged in Manufacturing of Iron & Steel. During the year, I availed service of Good transport Agency as input service. The freight of all the Consignment Notes was less that Rs 750. Total amount of Freight paid was Rs. 50000 during the year to one Goods Transport Agency.
During Central Excise audit, The Superintendent of CE asked me to paid Service tax on Rs. 12500 i.e. 25% of 50000. He said that exemption of Rs. 750 has been withdrawn under reverse charge basis. Is he correct ? is there been any changes ? Plz tell me the relevent notification he is relying upon. ?
RENGARAJ R.K
(Expert)
12 July 2012
No. The exemption of Rs.750/= is not withdrawn and continues in the negative list also. See notn 25/2012-ST dt 20.06.12. Sl No.21.
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