Dear All
Please give any one Details of Service Tax Rates of Transport of Goods and Minimum Amount for Lible to Service Tax
Thanks
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Service tax rate for transport of goods
Replies (16)
GTA Service- Abatement of 75%
It has been changed to 70% from april
yup .. sry i forgot.. !!! you are right
Wef 1st April 30 % service receiver
But bill not yet passed by parliament. So same tax will be continued
but RCM calculated new rate based on old st rate.its is applicable from April month
Entry proceed bhi btao na kaise kaise calculate kraige gta
Minimum exempted amount
GTA SERVICE FOR GOODS BY ROAD :-RCM CAL. BY SER.RECEIVER, ST RATE 12.36%*30%=3.708 % then Rcm payable invoice amt (50000 *3.708%)
Total Freight Amount 100
Abetment 70% 70
Taxable 30% 30
services tax 30*12.36%=3.708
GTA SERVICE FOR GOODS BY ROAD :-RCM CAL. BY SER.RECEIVER, ST RATE 12.36%*30%=3.708 % then Rcm payable invoice amt (50000 *3.708%)
30% applicable frm 1st April, not required wait for passing of budget in parliament.
It liable of 30% on service receivable and service tax paid on this @ 12.36% w.e.f.01.04.2015
It liable of 30% on service receivable and service tax paid on this @ 12.36% w.e.f.01.04.2015
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