St on transportation byroad
This query is : Resolved
02 May 2013
Sir,
Service tax on transportation of goods is paid by the person who is liable to pay the actual ex pence, but can u tell me the treatment of that service tax in books of that person weather St is treated as ex pence or service tax input
Service tax on transportation of goods is paid by the person who is liable to pay the actual ex pence, but can u tell me the treatment of that service tax in books of that person weather St is treated as ex pence or service tax input
02 May 2013
treatment in the books depending on credit allowed or not.
if input not allowed = exp.
if input allowed = service tax input under current assets.
to check wheteher allowed or not.
Allowed as per the definition of 'input service' only when used for providing output service or manufacture of final product.
-2(l) of Cenvat Credit Rules..
but only the transportation of 'input' and 'capital goods' is allowed, so it has to be checked what is transported. for input check 2(a) for capital goods check 2(l) of cenvat credit rules
if input not allowed = exp.
if input allowed = service tax input under current assets.
to check wheteher allowed or not.
Allowed as per the definition of 'input service' only when used for providing output service or manufacture of final product.
-2(l) of Cenvat Credit Rules..
but only the transportation of 'input' and 'capital goods' is allowed, so it has to be checked what is transported. for input check 2(a) for capital goods check 2(l) of cenvat credit rules
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- CHECK RELATED
- UDIN ISSUE
- Change Of Karta In Case of Death
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- 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
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
