Hello,
Can any advise me what is the procedure of calculating the service tax for freight( being paid to transporter). What is the percentage to calculatethe service tax and as well on which amount one should calculate the service tax?
Ansari..
Menu
Gta
Replies (2)
Tranporter is liable to pay service tax only in exceptional cases. Otherwise, payer opf freight is liable to tax. Tax is 10.3% on the 25% of freight amont.
Agree with above. Only where the payer of freight is not covered by Rule 2(1)(d)(v) of Service Tax Rules, 1994, viz., individual Excise manufacturer/unorganised sectors, etc. 75% abatement is applicable, hence tax is to be paid through PLA (without utilising Cenvat credit) on 25% of freight amount paid.
Recent Topics :
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
Related Topics :
CAclubindia
