I want to know about taxability of Service Tax on Goods Transport Agency. Mr. X (a transport agent ) made a consignment note of Rs. 20000/- . He has to pay Service Tax on 25% of the amount. I want to know whether Agent get the exempt limit of Rs. 8 lacs on total booking amount or 25% of the booking amount. I mean he will get Rs. 8 lacs of booking amount or 32 lacs of booking amount.
Kindly reply .