16 May 2012
“Goods transport agency” means ANY PERSON who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. (Section 65(50b) of Finance Act, 1994 as amended). ANY PERSON WHO PROVIDES SUCH SERVICES IS COVERED IN GOODS TRANSPORT AGENCY DEFINITION. HE/SHE WILL HAVE TO GET REGISTERED IF TURNOVER IS IN EXCESS OF RS 9 LACS. AND CONSIGNMENT NOTE CAN BE ANY FORM OF INVOICE THAT MIGHT HAVE BEEN ISSUED BY YOUR CLIENT.
17 May 2012
You are requried to get registered under service tax only if you being a service receiver is liable to pay tax under reverse charge mechanism...
CAclubindia
