What will be the rate of service tax for month of Feb'09 onwards in the case of GTA & can we take set off on service tax paid on Courier & Postage bills if they have charged in the bills.
Bharat Rajgor (Accountant) (96 Points)
02 March 2009What will be the rate of service tax for month of Feb'09 onwards in the case of GTA & can we take set off on service tax paid on Courier & Postage bills if they have charged in the bills.
Sachin
(Chartered Accountant)
(419 Points)
Replied 02 March 2009
Dear Bharat,
I donot understand what do you want to say. please write me full detial of your case. my email id is sachinagarwalcallb @ gmail.com
Rajesh Kumar
(Advocate- Tax)
(7806 Points)
Replied 02 March 2009
For service availed before 24.02.2009- 3.09%; after that 2.575%.
GTA is required to be paid in cash. Credit can not be availed to pay GTA. However, if GTA is an input service, taxes paid are available as cenvat credit.
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