Service Tax on Transport
This query is : Resolved
04 January 2008
1) we purchase rise from dealer and export through ship. Delivery terms is FOB. In this case while purchase and sales service tax is liable or not what we paid for transport charges?
2) We rise sales invoice to Importer inclusive of transport cost.In that case while file VAT return we show FOB value(i.e., exempt transport and insurance from sale) or invoice value?
2) We rise sales invoice to Importer inclusive of transport cost.In that case while file VAT return we show FOB value(i.e., exempt transport and insurance from sale) or invoice value?
06 January 2008
Transport of Agriculture produce is exempt from service tax for services of good transport agency.
A notification in this regard has been issued
for VAT returns you have to show full invoice value
A notification in this regard has been issued
for VAT returns you have to show full invoice value
S.Srinivasaraghavan
(Expert)
28 February 2008
If your terms are only FOB and you are recovering only the transporter charge paid It is the FOB value which is the criterion.
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