Service tax payable by service receiver under rcm gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2014
we a pvt ltd company service received from GATI Kintetsu Express Pvt limited for goods transport by road a value of RS.20,000 and Service Tax @ 12.36% paid, but RCM liability also arises on us?
PRADEEP KUMAR VATS
(Expert)
24 December 2014
Dear
As per section 68 of finance act 1944, if a specified person(cover consignor or consignee) has taken the services of GTA and builty is paid by consignor or consignee then that person who is paying buity is liable to bear the service tax liability on revese charge basis.
However exemption is available
if single consignment and more than one consignment is Rs.750 and Rs.1500 respectively.
One more thing , atleast one person from consignor or consignee should be specified person.
Regards
Pradeep kumar
As per section 68 of finance act 1944, if a specified person(cover consignor or consignee) has taken the services of GTA and builty is paid by consignor or consignee then that person who is paying buity is liable to bear the service tax liability on revese charge basis.
However exemption is available
if single consignment and more than one consignment is Rs.750 and Rs.1500 respectively.
One more thing , atleast one person from consignor or consignee should be specified person.
Regards
Pradeep kumar
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
