service tax rate for Goods Transport Agency
This query is : Resolved
CA Abhishek Singh
(Querist)
13 July 2010
MR. x proprietor provides taxable service of goods transport.
currently he is collecting service tax @3.09%(30*10.3%, 70% exemption)
but i read one article where it was given that it should be 2.575%(25*10.3%,75%exmp)
w.e.f from 24/2/2009.
please clarify.
my id abhipcc@rediffmail.com
currently he is collecting service tax @3.09%(30*10.3%, 70% exemption)
but i read one article where it was given that it should be 2.575%(25*10.3%,75%exmp)
w.e.f from 24/2/2009.
please clarify.
my id abhipcc@rediffmail.com
Ram Avtar Singh
(Expert)
13 July 2010
Now service tax 10.3% it meens take after 75% rebate you should calculate service tax @ 2.575% of full amount of cartage.
13 July 2010
Agreed. For details see Notification No. 1/2006 dated March 1, 2006.
13 July 2010
AGREED WITH EXPERTS . ABATEMENT IS 75% , IE. RATE AFTER ABATMENT IS 2.575%
Message likes :
1 times
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
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- RCM and same line
- Appointment of Auditor By Form ADT-1
- TDS Return Statement Status
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
