service tax rate for Goods Transport Agency
This query is : Resolved
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
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Foreign inward in ITR
- Accounting with Claude
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- 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
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
