Service tax

who will pay service tax in case of ltd co sold goods to retail shop by transport  & give credit note to party against freight or less freight amount in invoice but buily amount is to pay so consignee will pay the freight to transport while collected the goods

consignor will show the freight exp in his P&L  bcz he gives the credit note to consignee against freight paid by consignee

freight will be paid by consignee i.e freight exp will be crossed with debit to consignor against his credit note in consignee books i.e in consignee books freight exp will be nil

kindly tell me who will pay service tax 

 

 

 

 

 

Replies (2)

The company should pay service tax................The person who pays directly to transport agent as a frieght charges should liable to pay ST

So here company raise credit note on retail shop

means company is collected the all amount from buyer and paying to GTA .......so co is liable to pay ST

THE PERSON WHO PAY THE FREIGHT CHARGES WILL BE LIABLE TO PAY SERVICE TAX.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register