can transportation service receiver claim abatement when paying service tax under reverse charge? if so how much?
2 Replies
shuhaib.c
(CA-Final)
(73 Points)
Replied 09 December 2013
Hi,there are two criterias for reverse charge ..
1) to pay 40% service tax of taxable value if the service provider doesnot claim any abatement (ie, SP 60% and SR 40%)
2) if SP claim abatement(abatement is 60%) thn SR has to pay 100% st on remaining...
ie,in short SR's liability is always 40% of st(4.944%)..abatement option is for SP.
VIKASH KUMAR JAIN
(Audit Executive)
(711 Points)
Replied 09 December 2013
Do u asking about GTA service???then 3.09% in short.
Recent Topics
- Gold ETF STCG and LTCG
- Property capital gain, Bought in 2002 and sold in
- TDS Implication on Expensing Off Unrecovered Invoi
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
