Gta

As per Section 65B(26) of the Finance Act, 1994; “Goods Transport Agency means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called”. Therefore, issue of Consignment Note (C/N) is integral and mandatory requirement before any road transport can be said to be GTA

Service tax is applicable on consignment note of Rs.750 and above. ST liability under RCM will be 30% of the bill value. for example Rs.20000 bill on which 30% is Rs.6000. so 6000*14.5% will be tax amount