Service tax on gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2012
1)We are limited co.we are currently paying service tax of freight after taking abatement.and goods transport agency issue us invoice without service tax. can we ask for invoice with service tax from G.T.A.? and after payment of freight we will take credit of same.if GTA issue us invoice with service tax, is it wrong according to service tax law?
2)till date we have paid service tax after abatement on basis of bill received from gta.(i.E if we get bill of Rs.10000/- in july 12 we paid Rs.10000*0.25*.1236 in 5th/6th aug) futher, we want to take credit of all service tax paid (april 12 to sep 12) in month of oct 12?
what is correct course of action in both of above situation. we want take credit of all st paid but how to do this? and henceforth we want to paid st as per st law.
Guide me on above.
thanx.
2)till date we have paid service tax after abatement on basis of bill received from gta.(i.E if we get bill of Rs.10000/- in july 12 we paid Rs.10000*0.25*.1236 in 5th/6th aug) futher, we want to take credit of all service tax paid (april 12 to sep 12) in month of oct 12?
what is correct course of action in both of above situation. we want take credit of all st paid but how to do this? and henceforth we want to paid st as per st law.
Guide me on above.
thanx.
U S Sharma
(Expert)
04 October 2012
1) as a company you have to discharge the liability of service tax after taking abatement of 75%( if the st is charged by transporter, in that case you have not to pay it again)
2) if you are not availing any exemption on excise/service tax, then you can take credit of "inward transportation" only, outward transportation is not covered as input service.
2) if you are not availing any exemption on excise/service tax, then you can take credit of "inward transportation" only, outward transportation is not covered as input service.
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