ICICI

Service tax on gta to gta basis


Abhinav Aggarwal (STUDENT/ARTICLE ASSISTANT)     14 March 2013

Abhinav Aggarwal
STUDENT/ARTICLE ASSISTANT 
 2 likes  359 points

| My Other Post

Hey guys,

Can anyone tell service tax provision in case, when one Goods Transport Agancy is takin/giving sevices to Other Goods Transport Agancy, in all cases like, road, rail, air, etc. As per the new provisions of ST.

Please tell me the method of calculation & who will pay the same.

avater

Asif Khan (Taxation executive)     14 March 2013

Asif Khan
Taxation executive 
 13 likes  410 points

View Profile | My Other Post

As per my view

Generally, service provider is responsible for payment of Service Tax.However, in case of Goods Transport Agency service the liability of paying Service Tax may fall on service receiver or service provider depending on the status of the receiver, as per Service Tax Rules 1994, taxable service is provided by a goods transport agency  to specified category of persons then service tax is liable to be paid by the consigner or consignee. Reverse Charge is Applicable here.

In your case the GTA is acting as a Consigner or Consignee therefor the GTA recieving the service will have to pay the service tax under Reverse Charge. 

 


 

avater

shriniwas (Accountant)     15 March 2013

shriniwas
Accountant 
 70 points

View Profile | My Other Post

ya asif is correct


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »