Tax liability in case of transport services
This query is : Resolved
05 January 2016
NEED HELP ON FOLLOWING
HOW WILL BE THE SERVICE TAX LIABILITY ON THE PART OF SERVICE RECEIVER IN CASE OF TRANSPORT SERVICES AND ALSO LIABILITY TO DEDUCT TDS???
HOW WILL BE THE SERVICE TAX LIABILITY ON THE PART OF SERVICE RECEIVER IN CASE OF TRANSPORT SERVICES AND ALSO LIABILITY TO DEDUCT TDS???
05 January 2016
Dear Priyanka
GTA is covered under notification no 26/2012 and 30/2012.
GTA is covered under notification no 26/2012 and 30/2012.
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05 January 2016
26/2012 is on abatement.
The receiver is liable to pay service tax @ 14.5*30%= 4.35%
The receiver is liable to pay service tax @ 14.5*30%= 4.35%
05 January 2016
in respect of services provided or agreed to be provided by a goods transport agency in respect of transportation of goods by road to Company, Partnership Firm, Registered Factory, Registered Society, co-operative society, AOP, LLP, Person Registered Under Central Excise Act, 1944 including Excise Dealers.
100% by the service receiver.
100% by the service receiver.
05 January 2016
In respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers on abated value to any person who is not engaged in the similar line of business by individual, HUF, firm or AOP to Body Corporate.
100% by the service receiver.
100% by the service receiver.
05 January 2016
In respect of services provided or agreed to be provided by way of renting of a motor vehicle designed to carry passengers on non abated value to any person who is not engaged in the similar line of business by individual, HUF, firm or AOP to Body Corporate (Revised wef 01.10.2014)
50-50 % by the service provider and receiver.
50-50 % by the service provider and receiver.
05 January 2016
PALLAVJI..IS THERE ANY ABATEMENT OR NOT
05 January 2016
Kindly go thru this..
https://taxclubindia.com/simple/2015-16/SERVICE%20TAX%20ABATEMENT%20RATE%20CHART%2001.04.2015.pdf
https://taxclubindia.com/simple/2015-16/SERVICE%20TAX%20ABATEMENT%20RATE%20CHART%2001.04.2015.pdf
05 January 2016
NOT YET CLEAR PLEASE EXPLAIN-
IN CASE OF GOODS TRANSPORT SERVICES...RECEIVER IS FIRM...IS THERE ANY ABATEMENT OR FIRM HAS TO PAY TOTAL SERVICE TAX OF 14.5%...
ALSO WHILE MAKING PAYMENT TO TRANSPORT AGENCY IS FIRM LIABLE TO DEDUCT TDS ON PAYMENT AS PAYMENT AMT IS 250000????
IN CASE OF GOODS TRANSPORT SERVICES...RECEIVER IS FIRM...IS THERE ANY ABATEMENT OR FIRM HAS TO PAY TOTAL SERVICE TAX OF 14.5%...
ALSO WHILE MAKING PAYMENT TO TRANSPORT AGENCY IS FIRM LIABLE TO DEDUCT TDS ON PAYMENT AS PAYMENT AMT IS 250000????
05 January 2016
If the receiver is Firm then the Service Provider is liable to pay ST.
05 January 2016
BUT ABOVE YOU SAID 100% IS PAYABLE BY RECEIVER IF SERVICE PROVIDED TO COMPANY, FIRM ETC
AND WOULD YOU PLEASE TELL ME ABOUT TDS LIABILITY
AND WOULD YOU PLEASE TELL ME ABOUT TDS LIABILITY
05 January 2016
If the Service Provider is an AOP,Firm,Individual and its provide service to a non body corporate then its liability 100% on the hands of Service Provider.
If the Service Provider is a body corporate then its liability of the receiver and only 25% taxable....
Effective June 1, 2015 TDS will be applicable at the rate of 1% or 2%, as the case may be, in the case of all payments made to a contractor during the course of plying, hiring or leasing of goods carriage, except in cases where such contractor has furnished a Declaration.
The tax deduction will be required to be done at the time of credit of the amount payable to the account of the contractor (or to any other account) or at the time of payment, whichever is earlier.
If the Service Provider is a body corporate then its liability of the receiver and only 25% taxable....
Effective June 1, 2015 TDS will be applicable at the rate of 1% or 2%, as the case may be, in the case of all payments made to a contractor during the course of plying, hiring or leasing of goods carriage, except in cases where such contractor has furnished a Declaration.
The tax deduction will be required to be done at the time of credit of the amount payable to the account of the contractor (or to any other account) or at the time of payment, whichever is earlier.
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