Service tax regarding
This query is : Resolved
chandrasekhart
(Querist)
15 January 2014
tell me some thing about the
GTA on Service tax and slab
rates and who will liable for
tax.
what is slab on GTA and
who will liable for payment
of service tax. Does every transport operator must charge
service tax or how.
n
o
AVTAR SINGH
(Expert)
15 January 2014
Goods transport freight for single consignee up to Rs.750 and for single vehicle up to Rs.1500 is exempt.
Goods transport Agency has been defined as “any person who provides service in relation to transport of goods by road and issues consignment note by whatever name called.”
Service tax has to be paid only on 25% of the gross amount paid to the Goods Transport Agency. For gross amount, octroi is not taken in account.
The tax is payable on reverse charge basis by consignor or consignee who ever pays the freight, if the consignor or the consignee is factory, registered society, co-operative society, registered dealer, body corporate, partnership firm, LLP and association of persons.
Goods transport Agency has been defined as “any person who provides service in relation to transport of goods by road and issues consignment note by whatever name called.”
Service tax has to be paid only on 25% of the gross amount paid to the Goods Transport Agency. For gross amount, octroi is not taken in account.
The tax is payable on reverse charge basis by consignor or consignee who ever pays the freight, if the consignor or the consignee is factory, registered society, co-operative society, registered dealer, body corporate, partnership firm, LLP and association of persons.
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