service tax on freight
This query is : Resolved
27 January 2011
in case of loss of goods in transit due to transporters mistake, we used to make payment after deducting the value of loss to transporter. in such a case on which amount we have to pay service tax
a. on gross amount?
b. After deducting loss value from bill amount i.e net only?
reply early?
a. on gross amount?
b. After deducting loss value from bill amount i.e net only?
reply early?
27 January 2011
On gross amount.
CA.Hanumantha Reddy
(Expert)
28 January 2011
this would be on actual amount only i.e. net. Further, pls note that you have also booked the expense only to that extent paid to the transporter.
18 April 2011
Agree with Mr . H . Reddy
Thanks
Thanks
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