We are the receipient of service & lible to pay service tax as per rule.
What should be the rate For GTA for below condition-
Service received - Before 01.04.2012
Consignment Note & Bill Date is - Before 01.04.2012
Service tax charged on bill - 10.3%
Payment Made to Transporter - April'2012.
Regards,
Harishankar
Debate on Service Tax Rate for GTA Services Pre-April 2012 with Payment in April: 10.3% vs. 12.36% A discussion on the applicable service tax rate for Goods Transport Agency (GTA) services received before April 1, 2012, with payment made in April 2012. The initial query suggested a 10.3% rate, but another participant argued the rate should be 12.36% due to the payment date. The conversation included references to specific notifications and circulars, with some agreeing on the higher rate and others discussing the implications of abatement and reverse charge mechanisms. There was also a debate about whether a supplementary invoice should be issued for the differential tax amount to claim CENVAT credit. (AI Summary)