Service tax on gta

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2015 Dear all
if freight paid to transport company less then 1500. does freight payer not liable to pay 25% ST under reverse charges.
is this correct or not please confirm..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 March 2015 Mega Exemption Notification No. 25/2012-ST has exempted low value consignments from the levy of service tax, as follows: (a) Where the gross amount charged for the transportation of goods on a consignment transported in a single goods carriage is upto Rs 1,500/-; or (b) Where the gross amount charged for transportation of all such goods for a single consignee in the goods carriage is upto Rs. 750/-.

If it is a single goods carriage, If not it is upto Rs. 750 you are not liable to pay under RCM.

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2015 Dear raman sir
Thank for your suitable reply. sir i have seen your profile that you are retired non executive director sir can you explain me what's the key responsibilities as a non executive director and also explain me the difference between the managing director, executive director and non executive director....

please reply..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 March 2015 I have retired as Executive Director.
Managing Director is head of team of functional Directors.
Functional Directors/ Executive Directors are:-
Director/Finance (CFO)
Director/HR (human resource)
Director/Technical
Director/Marketing
Director/Production

Non Executive Directors are not involved in the day to day operations of the company and only will attend board meetings.

Querist : Anonymous

Querist : Anonymous (Querist)

28 March 2015 DEAR SIR
WHO IS CEO (CHIEF EXECUTIVE OFFICER) WHAT'S
HIS ROLE IN THE COMPANY..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 March 2015 Normally Managing Director will be CEO of the company. If not some other person will be designated as CEO.
See the link for more information.
https://taxguru.in/company-law/key-managerial-personnel-companies-act-2013.html

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