Service tax on freight

Service Tax (Legacy) 223 views 3 replies
What was the Service Tax on freight when material is sent thru gta from apr to may and from June 16
Replies (3)

HELLO,

For April; to may it would be taxable @ 4.215% n from june it would be @ 4.5%

Originally posted by : Kunal Mittal
What was the Service Tax on freight when material is sent thru gta from apr to may and from June 16

In precise if GTA giving you undertaking that CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken by the service provider under the provisions of the CENVAT Credit Rules, 2004, then apply abated rate of 30% on Taxable value and charge 14.5 % (from apr to may) & 15% (for june).

If he is not providing you undertaking , then charge the respective rates on full taxable value of service.

 

Originally posted by : Kunal Mittal
What was the Service Tax on freight when material is sent thru gta from apr to may and from June 16

In precise if GTA giving you undertaking that CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken by the service provider under the provisions of the CENVAT Credit Rules, 2004, then apply abated rate of 30% on Taxable value and charge 14.5 % (from apr to may) & 15% (for june).

If he is not providing you undertaking , then charge the respective rates on full taxable value of service.

Regards

Karanjit Singh | +91-7503588224

 


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