Dear Sir,
Please reply my querry for service tax payable under reverse charge.
If I ahave received the bill of GTA service in july for june month service and date of invoice also mentioned in June17
then under reverse charge mechanism what is the liability, As per me liability is as per service tax rate ( 14+0.5+0.5) after 70% abatement. But how can we pay in new tax regime.
Rgds,
MJ
Service Tax Liability for GTA Services in June 2017 Confirmed; 100% Tax Payment Required Without Abatement Under GST. A user inquired about the service tax payable under the reverse charge mechanism for a Goods Transport Agency (GTA) service received in June 2017, with the invoice dated the same month but payment made in July 2017. Two respondents clarified that the liability falls under the service tax for June 2017. The first respondent confirmed the liability as per the service tax rate, while the second noted that under the GST regime, there is no abatement, and 100% of the applicable tax must be paid. (AI Summary)
TaxTMI 
TaxTMI 
