Service tax on goods transportation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 May 2016
We are a partnership firm dealing in retail supply of machinery parts. etc. We have to pay freight to transporters for carrying machinery from other states.. Are we liable to pay service tax on the freight payment ?
CA Rohit Jain
(Expert)
30 May 2016
Yes, you are liable to pay service tax on reverse charge basis. However you can avail abatement of 70% and should pay only 30% to government
Message likes :
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Rupesh Jain
(Expert)
31 May 2016
yes you have to pay 30% on the freight value . service tax 14.5% on that value . form 1.6.2016 its 15% service tax rate applicable.
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