SERVICE TAX ON GTA
This query is : Resolved
22 June 2010
IS THERE ANY THERSHOLD LIMIT FOR PAYING SERVICE TAX ON GTA SERVICE. FOR INSTANCE:-
TRANSPORTER BILTY AMOUNT =40000
(-) ADVANCE =15000
TO PAY =25000
ON WHAT AMOUNT WE PAY S.TX ON 40000 OR 25000
IF AMOUNT IS LESS THAN 5000 RS IS THERE ANY REQUIREMENT FOR PAYING SERVICE TAX BY CONSIGNOR.
THANKS
TRANSPORTER BILTY AMOUNT =40000
(-) ADVANCE =15000
TO PAY =25000
ON WHAT AMOUNT WE PAY S.TX ON 40000 OR 25000
IF AMOUNT IS LESS THAN 5000 RS IS THERE ANY REQUIREMENT FOR PAYING SERVICE TAX BY CONSIGNOR.
THANKS
Ram Avtar Singh
(Expert)
22 June 2010
service tax on full amount of bill
Shyam Lal Naik
(Expert)
22 June 2010
Threshhold limit is Rs. 10 lakh.
The limit is not available to a person liable to pay tax as receiver of service under reverse charge mechanism.
Even if the freight is less than 5000/- tax is payable.
Tax not payable for freight < Rs. 650/-
The limit is not available to a person liable to pay tax as receiver of service under reverse charge mechanism.
Even if the freight is less than 5000/- tax is payable.
Tax not payable for freight < Rs. 650/-
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