WE HAVE IMPORTED SOME MACHINERY FROM USA . WE HAVE PAID LOCAL FRIGHT RS 5000 TO TRANSPORTER. NOW R WE LIABLE FOR PAYING SERVICE TAX ON SAID 5000 RS.
Menu
Who will be liable for st payment
Replies (3)
Yes, payer of freight is liable to service tax. 75% abatement is available.
THAT MEANS WE HAVE TO PAY 10.3% OF 1250 RS ONLY. BUT SIR I WANT TO CLARIFY ONE MORE THING THAT IS WE ARE CLAIMING INPUT OF SERVICE TAX TOO WILL THAT MAKE ANY DIFFRENCE ?
Correct. Fact that you are avaling cenvat credit for input services does not alter the position. Get a declaration from the GTA that he is not claimng cenvat credit.
Recent Topics :
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
- TDS on rent paid to RNOR Landlord. Can RNOR US tax
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
Related Topics :
CAclubindia
