Service tax on transfer of fixed assets by road
This query is : Resolved
15 August 2012
Whether Service Tax is Required to be paid in the following situation.
Fixed Asset is purchases and transportation charges incurred to bring Fixed Asset to Factory Premises
The Fixed assets are transferred by lorry to factory premises.
Actually The Factory is Under Construction.
Fixed Asset is purchases and transportation charges incurred to bring Fixed Asset to Factory Premises
The Fixed assets are transferred by lorry to factory premises.
Actually The Factory is Under Construction.
15 August 2012
It will depend upon the kind of contract given to the contractor. If it is a stand alone contract, company shall bear the service tax.
15 August 2012
Service tax is required to be paid on freight but Company can take the credit of service tax paid on such inward transportation
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- ITR validation error - Balance sheet is not filled
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Eway bill for machinery reparing
- Form 10BD Filling
- Error whiling application of GST REFUND (ANNEXURE B)
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- 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
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
