Valuation of GTA
This query is : Resolved
CA.L.D.Goyal
(Querist)
22 October 2009
Hi Friends
Is Service tax paid on GTA Service by Service reciepent on the Gross Value paid to the Service Provider
or
At amount which is included such tax
Suppose Amount Paid Rs. 1000/-
Service Tax= 10000*25/100*10.3%=257/-
or Service Tax = 10000*25%/110.3%=% =
=2266*10.3%=233/-
Means Can we assume that Freight paid to Service Provider includes Service tax.
Is Service tax paid on GTA Service by Service reciepent on the Gross Value paid to the Service Provider
or
At amount which is included such tax
Suppose Amount Paid Rs. 1000/-
Service Tax= 10000*25/100*10.3%=257/-
or Service Tax = 10000*25%/110.3%=% =
=2266*10.3%=233/-
Means Can we assume that Freight paid to Service Provider includes Service tax.
Ram Avtar Singh
(Expert)
22 October 2009
No if he demond service tax Its to be shown seperet in his GR. otherwise you should to pay to govt.
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