Service tax on freight &forwarding charged by supplier/maf.
This query is : Resolved
19 February 2013
WE ARE MANUFACURER, OUR SUPPLIERS ARE CHARGING FREIGHT AND FORWARDING CHARGES IN THEIR BILLS. WE ARE PURCHASING MATERIALS FROM SOME MANUFACTURER ,THEY ALSO ARE CHARGING FREIGHT IN THEIR BILLS.
ARE WE LIABLE TO DEPOSIT SERVICE TAX ON FREIGHT AS CHARGED BY THEM.
PLEASE CLEARFY.
THANKS
VINAY KALE
WE ARE MANUFACURER, OUR SUPPLIERS ARE CHARGING FREIGHT AND FORWARDING CHARGES IN THEIR BILLS. WE ARE PURCHASING MATERIALS FROM SOME MANUFACTURER ,THEY ALSO ARE CHARGING FREIGHT IN THEIR BILLS.
ARE WE LIABLE TO DEPOSIT SERVICE TAX ON FREIGHT AS CHARGED BY THEM.
PLEASE CLEARFY.
THANKS
VINAY KALE
19 February 2013
Yes you are liable to pay Service tax as per the reverse charge mechanism
Refer article https://www.caclubindia.com/articles/reverse-charge-methodology-under-service-tax-16364.asp#.USOs6x2L_0o
Refer article https://www.caclubindia.com/articles/reverse-charge-methodology-under-service-tax-16364.asp#.USOs6x2L_0o
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