Service tax workout format please providing X M L format

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Hello anybody please help me how to workout service tax in X M L format

Replies (7)

plz let me know on which transport i should pay service tax. Inward Or Outward? and which credit i will get inward credit or outward credit ? and can i take credit of service tax in excise ???

plz reply me soon.

Sir i am working in manufacturing company .our finished goods delivered in transportation raw material also received by transportation via and monthly based we hiring labour how to calculated

I don't known sir service tax calculations 

No one help me

Originally posted by : Kr shijo
Sir i am working in manufacturing company .our finished goods delivered in transportation raw material also received by transportation via and monthly based we hiring labour how to calculated

GTA or goods transport service by road, 

service tax on transport is payable by the person who is actualy paying the money to transporter, it does not differ that freight is used for inward or outward transportation of goods, 

by virtue of abatement notification 26/2012 ST , service tax abatement is available 70%  from 01.04.2015 ( earlier it was 75%) and only 30% of  freight is to be calculated for service tax purpose, 

under manpower recruitment (labour) 100% liability is shifted to the service receipent, (prior to 01/04/2015 it was 75% for receipent and 25% for provider) 

 

Originally posted by : Kr shijo
I don't known sir service tax calculations 

download the service tax return ST3 from ACES site, it has all calculations inbuilt, select your service received or provided, and claim abatement ( if any) it will display the payable amount 

​WEF 01/04/2016 rules and abatement is again changed 

  1. Transport service of goods in containers by rail by any other person other than Indian Railway is taxable under service tax with reduced abatement rate of 60%. So there are two categories of abatement for transport of goods in rails. For Indian railways, it is 70% ( 30% value is taxable) and for others , it is 60% (40% value is taxable). Credit of input services are available to both of them while claiming abatement.
  2. For transport of goods by vessel, 70% abatement is available with cenvat credit of input services.
  3. For GTA, abatement on transport of used household goods is being rationalized with 60% abatement rate without availment of cenvat credit of inputs, input services and capital goods. For other goods, 70% abatement is available.


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