Service tax on lorry hire charges received from ioc

This query is : Resolved

Noufal.P (Querist)
Follow

28 August 2014 My party receive lorry hire charges from Indian Oil Corporation, Amount received is above 10 Lakh,
1. is my party is liable to service tax?
2. if yes, in which Sector this service to be shown.?

Annu Agarwal

Annu Agarwal (Expert)
Follow

28 August 2014 From your query it seems your party is a Goods transport agency transporting goods . For Any charges received as lorry hire charges for transporting the goods, please note that the liability to pay
Service Tax is on Consignor/ Consignee paying freight, if the same is a
factory, registered excise dealer, body corporate, partnership firm or AOP
[after availing the abatement of 75% available as per Entry No. 7 of
Notification no. 26/2012-ST dated 20-06-2012]. In your case too the same shall apply.Service tax shall have been paid either by IOCl(Consignor ) or by the Consignee(Purchasing party)whoso ever pay the freight.

And if your party is a individual truck operator then no service tax liability under any head.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sanoj T

madhu Reddy

Vasudevan Santhanam

velichety.l.narasimharao

shanmukha sai

Subscribe Now

Service tax on lorry hire charges received from ioc

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA