Dear Friends,
Friends,
Will be requiring your help in the following case...........
As per our transportation agreement we are deducting late delivery charges from the transporter's bill & in case we are holding them in our premises for more than one day we are also paying them detention charges.....
Now my doubt is that while calculating service tax on GTA ,sshould we pay service tax on the net amount i.e after deducting late delivery & adding detention charges OR service tax need to be paid only on the transportation charges???
If we need to pay service tax on the net amount,can anybody tell me whether the same is as per any act/rule/notification
Hope to get a reply soon.
Thnx in advance......
CAclubindia
