Dear Sachin,
What I want to ask is that from 25th Feb'09 the rate of SErvice Tax has been reduced to 10% from 12%. So in case of Goods Transport Agency either consignor or Consignee have to pay the service tax on feright or transport charges bills @ 25% of Service Tax which comes to 3%. So for the month of Feb'09 what will be that rate. And secondly I just want to ask that if we recives the bills of courier charges inclusive of service tax that we can take against excise set off.
GTA query
upto 24 Feb, consignor or consignee pay service tax @ 3% (plus EC & SHEC)
25th onwards, consignor or consignee pay service tax @ 2.5% (plus EC & SHEC)
Cenvat of courier charges
if you are manufacturer, then you can take CENVAT credit of courier charge against your excise liability
Dear sir,
what is the exact and easy method for calculating service tax?
Thanks
Rajiv
There is no provision which allows one to avail the credit not indicated in the invoice. Therefore no credit would be available for the courier bill even if ti indicates inclusive of ST>
Dear Sir,
We are the transport company of building material to builders. they are deducting from us Service tax as well as TDS from our bills whether is it correct.
Ravindra
If we paid the freight against bilty for raw material & others and there no service tax charged on bill then how to calculate to pay GTA
| Originally posted by : Manojiit Kaanjilal | ||
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If we paid the freight against bilty for raw material & others and there no service tax charged on bill then how to calculate to pay GTA |
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CAclubindia
