Abatement for goods transport agency services applies when CENVAT credit is not claimed, reducing the taxable base for road transport. Abatement for services of a goods transport agency reduces the taxable base where the provider has not taken CENVAT credit on inputs, capital goods or ... Summary
Abatement for goods transport agency services applies when CENVAT credit is not claimed, reducing the taxable base for road transport.
Abatement for services of a goods transport agency reduces the taxable base where the provider has not taken CENVAT credit on inputs, capital goods or input services; the effective taxable proportion of service tax is prescribed by notification and applies when the GTA issues a consignment note for road transportation. Ancillary services invoiced by the GTA form part of GTA service and are eligible for the abatement; guaranteed-time road deliveries remain GTA services provided the entire carriage is by road and a consignment note is issued.
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