Service tax on lorry hire charges received from ioc
This query is : Resolved
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.?
1. is my party is liable to service tax?
2. if yes, in which Sector this service to be shown.?
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.
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR validation error - Balance sheet is not filled
- Share accounting-->fifo - capital gain - period as per fifo?
- Registration as Authorised Representative of minor
- Article ship defecit
- Bank Accounts in Balance Sheet for ITR 3
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
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
