Please Help: SERVICE TAX
Posted Date : 23-Dec-2013 , 11:21:12 am | Posted By vijay
HI,
My Client is a Transporter (by Road) getting contracts from Big Company's.
Is Service Tax Applicable if yes is there any Exemptions or abatement.
projected total turnover will be 15 Lakhs.
My Client is a Transporter (by Road) getting contracts from Big Company's.
Is Service Tax Applicable if yes is there any Exemptions or abatement.
projected total turnover will be 15 Lakhs.
Category : Service Tax | Answers : 2 | Comments : 0 | Hits : 258
Answers
Answer By: shankygarg
Transportation of Goods by Road :- Sec ‐ 68(2)(REVERSE CHARGE WILL BE APPLICABLE)
IF Goods Transport Agency is Company OR Firm OR Ind. OR AOP
AND,
IF Service receiver is - Registered Factory OR Registered Society OR Cooperative
Society OR Dealer of Excisable Goods OR Corporate Body OR
Partnership Firm
SERVICE PROVIDER LIABILITY -NIL
SERVICE RECEIVER LIABILITY -100%
IF Goods Transport Agency is Company OR Firm OR Ind. OR AOP
AND,
IF Service receiver is - Registered Factory OR Registered Society OR Cooperative
Society OR Dealer of Excisable Goods OR Corporate Body OR
Partnership Firm
SERVICE PROVIDER LIABILITY -NIL
SERVICE RECEIVER LIABILITY -100%
Answer By: shankygarg
Abatement :- As per notification 26/2012-ST dated 20.6.2012, Services of goods transport agency in relation to transportation of goods, service tax would be payable on 25% of value but then no cenvat credit can be availed.
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