nice...keep sharingg....
Deepak Dargad
(Chartered Accountant....)
(9787 Points)
Replied 26 February 2013
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 26 February 2013
Originally posted by : gvgr7 | ||
QUE. Two consignments worth Rs. 400 each are sent in a carriage of same consignee. Is tax applicable and on what amount? ANS. Yes, on Rs. 800(practically difficult) Read more at: /forum/details.asp?mod_id=240599&offset=1 HELLO GIIII, In my opinion the above answer is wrong. Even if all consignments are addressed to a single consignee, since the gross amount charged for all consignments doesn't exceed rs 1500/-, therefore, the same shall be exempt from service tax. |
Hi Thanks for feedback
When its in same carriage & 2 consignment.. then total value Rs. 800/- exceeds Rs. 750 limit so taxable, then also you can claim exemption but this would be always disputed bu auditirs..Its like consignment split in to 2 for savin tax liability.
@ VaibhavJ
I got 1 more doubt in that.
All consignment's to different consinee's exceeds rs 1500/- not taxable, unless exceeds rs 750/- in respect of each cosignment will be cosidered.
But for
All cosignment's to single consignee exceeds rs 1500/- will be taxable.(i.e,,,,up to two or more cosignments not exceeds rs 750/- would be benefited for tax for single consignee.)
Plz correct me if iam wrong.
Manoj Agarwal
(Service Tax Consultant Rourkela ServiceTaxExpert@yahoo.com)
(3456 Points)
Replied 26 February 2013
Dear Vaibhav JI,
With due respect to you, I would like to bring to your notice that all the notifications mentioned by you are either suppressed or omitted and new notifications has been issued on 20-06-12. The new exemption notification is 25/2012 which exempts transporting of fruits, vegitables, milk, egg, etc and which also exempt small consignments of 750/1500. The new reverse charge notification is 30/2012 w.e.f. 01-07-2012. Kindly update the same.
Regards,
tax2001-it @ yahoo.com
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 26 February 2013
Originally posted by : Manoj Agarwal | ||
Dear Vaibhav JI, With due respect to you, I would like to bring to your notice that all the notifications mentioned by you are either suppressed or omitted and new notifications has been issued on 20-06-12. The new exemption notification is 25/2012 which exempts transporting of fruits, vegitables, milk, egg, etc and which also exempt small consignments of 750/1500. The new reverse charge notification is 30/2012 w.e.f. 01-07-2012. Kindly update the same. Regards, tax2001-it @ yahoo.com |
Thanks Manoj ji..
@VaibhavJ
(Believe!! Live your dreams!)
(33511 Points)
Replied 27 February 2013
Ramesha.M
(Accountant)
(800 Points)
Replied 27 February 2013
Dear sir,
Thanks for sharing nice work
Best regards
Ramesha.m
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"