Service Tax on Transport
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2010
Dear,
I have one query related to service tax on transport by road.
As per rules Service tax on transport will be liability of either consignor or consignee.
My company is paying only Rs. 55000/- to transport company during the year.
So basic exemption on service tax (Rs. 10,00,000/-) is applicable on my company or i have to deposit service tax on Rs. 55000/-.
I have one query related to service tax on transport by road.
As per rules Service tax on transport will be liability of either consignor or consignee.
My company is paying only Rs. 55000/- to transport company during the year.
So basic exemption on service tax (Rs. 10,00,000/-) is applicable on my company or i have to deposit service tax on Rs. 55000/-.
16 July 2010
For the purpose of goods transport agency, there is no basic exemption of Rs. 10 lacs. EVen if the amount is Rs. 100, the company should pay service tax
16 July 2010
agreed, your company has to pay 25% of total service tax rate 10.30% on Rs.55000/- as a service tax.
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