Tax liability in case of transport services

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CA Priyanka A Mundada (Querist)
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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???

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 Dear Priyanka
GTA is covered under notification no 26/2012 and 30/2012.

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Ankur Singhal

Ankur Singhal (Expert)
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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%

CA Pallav Singhania

CA Pallav Singhania (Expert)
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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.

CA Pallav Singhania

CA Pallav Singhania (Expert)
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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.

CA Pallav Singhania

CA Pallav Singhania (Expert)
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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.

CA Priyanka A Mundada

CA Priyanka A Mundada (Querist)
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05 January 2016 PALLAVJI..IS THERE ANY ABATEMENT OR NOT

CA Pallav Singhania

CA Pallav Singhania (Expert)
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05 January 2016 Kindly go thru this..
https://taxclubindia.com/simple/2015-16/SERVICE%20TAX%20ABATEMENT%20RATE%20CHART%2001.04.2015.pdf

CA Priyanka A Mundada

CA Priyanka A Mundada (Querist)
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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????

CA Pallav Singhania

CA Pallav Singhania (Expert)
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05 January 2016 If the receiver is Firm then the Service Provider is liable to pay ST.

CA Priyanka A Mundada

CA Priyanka A Mundada (Querist)
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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

CA Pallav Singhania

CA Pallav Singhania (Expert)
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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.

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