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.
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.
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
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
