please let me know at the earliest the followings.
1. in GTA the reciever 9x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service.
but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ?
is my view correct.
urgently needed.
kind regards
abhiram bharat
In case of GTA if consiner or consingnee is liable to pay service tax den service tax is not shown in bill
dear madhvi..thnx for ur effort.
but this was not my question..
well.. it is resolved now..
| Originally posted by : Abhiram Bharat.... CA FINAL.. | ||
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please let me know at the earliest the followings. 1. in GTA the reciever 9x Ltd)is liable to pay service tax(as per rule 2(1)(d)) after claiming 75% abatement on the value of service. but since if the transporter (who is the GTA ) furnishes his PAN, then, in terms of 194C of I.T. act, TDS is not liable to be deducted by the service reciever(X ltd) ? is my view correct. urgently needed. kind regards abhiram bharat |
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9XLTD IS LIABLE TO PAY SERVICE TAX
9X LTD WILL NOT DEDUCT TDS AS THE TRANSPORTER HAS PROVIDED PAN
If transporter giving pan no,then no need to deduct TDS.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
