FAQ on GTA - Goods Transport Agency

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nice...keep sharingg....

Replies (23)

nice...keep sharingg....

Originally posted by : *RENU SINGH *

Bookmarked sir ji


 

Thanx For Sharing.............yesyesyesyesyesyesyes

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.

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

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..

More on GTA.. /forum/gta-negative-list-impact-w-e-f-1-7-2012--240810.asp

Dear sir,

 

Thanks for sharing nice work

 

Best regards

Ramesha.m

Great effort done by you


CCI Pro

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