Service tax on gta
This query is : Resolved
25 September 2012
Dear Sir,
Earlier Service tax on GTA was payable by Consignor or Consignee who pays freight.After introduction of negative list, it appears that service tax will be paid by person who pays freight. Please consider below case.
A Limited is Importer of Goods. B is clearing and forwarding agent of A. B completes all custom formalities, pays all expenses related to consignment including transportation from port to factory of A and reimburse all expenses from A.
Now in above case, consignor is A limited. As per earlier provisons service tax was required to be paid by A limited as he is consignor even the freight was paid by B on behalf of A.
Now from July 2012 onwards, who is liable to pay service tax? Either A limited in the capacity of consignor or B in capacity of payer of freight to GTA?
Please ask inncase of any more details required..
Earlier Service tax on GTA was payable by Consignor or Consignee who pays freight.After introduction of negative list, it appears that service tax will be paid by person who pays freight. Please consider below case.
A Limited is Importer of Goods. B is clearing and forwarding agent of A. B completes all custom formalities, pays all expenses related to consignment including transportation from port to factory of A and reimburse all expenses from A.
Now in above case, consignor is A limited. As per earlier provisons service tax was required to be paid by A limited as he is consignor even the freight was paid by B on behalf of A.
Now from July 2012 onwards, who is liable to pay service tax? Either A limited in the capacity of consignor or B in capacity of payer of freight to GTA?
Please ask inncase of any more details required..
25 September 2012
B will pay service tax on behalf of A and reimburse the same from A adding the same under transport bill.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Value of property in capital gain
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
