Service tax on goods transport by road.

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what is service tax rate for transportation business.? what is rate of abatement??? what is effective tax rate...????
Replies (11)

70% is abatement

14.5% is service tax 

Rate of Service tax is 14.00% and Swachh Bharat Cess 0.5%

Abatement rate is 70%.

You can find it on this link-

https://www.cbec.gov.in/htdocs-servicetax/st-circulars/st-circulars-2015/st-circ-186-2015

What is service tax rate of restaurant in U.P

Bifucation of bill of restaurant into two part i.e. value of goods & value of service provided is difficult.

As per the service tax rules abatement has been allowed for the levy of service tax on the food served in restaurant, according to this rule service tax should be charged only on 40% of food bill (Including service charge) and not on the total bill.

In other words we can say the rate of service tax on restaurant bill is 5.6% (40% of 14).

Krishi Kalyan Cess would be levied @ 0.5% from 1st June 2016. It is also applicable to transportation services.

The Service Tax will be applicable on transportation contracts as follows:

Your basic bill                                                                 Rs.  20,00,000

Less: Abatement amount @ 70% on your basic bill            Rs. 14,00,000

Value of Service Tax applicable                                         Rs.   6,00,000

Service tax @ 14.5% on Rs. 6,00,000/-                             Rs.      87,000

You have to collect Rs. 20,87,000/- from your client and remit Rs. 87,000/- to the department on account of service tax.

Thank you all of you...!!!
Thank you all of you...!!!

how to show service tax amount in service tax return in case of transport. service tax ,education cesss, senior higher education cess, swach bharat cess

You may login and go to your service tax ID, there every thing will be available to fulfil your return.  You just fill the all the information according to your calculation for the perticular period and upload the return.  See that all information must be tally according to your books of accounts including payments made to the department.

Mr. Lvaro,

 

Under the revere charge mechanism if you have less than 10 trucks and you have declared the same with your clients then the amount 87000/- need to be deposited by sevice receiver on their service tax no. and you dont need to charge the same from the clients.


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