Service tax on GTA
This query is : Resolved
CA Abhiram Bharat.
(Querist)
05 July 2011
please let me know at the earliest the followings.
1. in GTA the reciever (x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service.
but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ?
is my view correct.
urgently needed.
kind regards
abhiram bharat
1. in GTA the reciever (x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service.
but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ?
is my view correct.
urgently needed.
kind regards
abhiram bharat
Ram Avtar Singh
(Expert)
05 July 2011
Both are correct.
TDS NOt applicale if transporter mentioned his pan no. on his bill/G.R./L.R. otherwise 20 % TDS to be deduct.
TDS NOt applicale if transporter mentioned his pan no. on his bill/G.R./L.R. otherwise 20 % TDS to be deduct.
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CA Abhiram Bharat.
(Querist)
05 July 2011
but sir, the limit of deduction of service tax is rs 700 & 1400 respectvely for half truck load & full truck load?
what is this practically how to verify this for the purpose of audit.
please enlighten'
kind regards
abhiram
what is this practically how to verify this for the purpose of audit.
please enlighten'
kind regards
abhiram
U S Sharma
(Expert)
17 July 2011
1500/- benefit is available when you take a vehicle other than registered transporter, for local movement of your goods ...here no 2nd party loads his goods to the vehicle
750/- benefit for receiving services from transporter, where the goods are loaded with all consignors in a single truck
750/- benefit for receiving services from transporter, where the goods are loaded with all consignors in a single truck
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