Service Tax exemption on certain GTA Services
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....ervice Tax exemption on certain GTA Services <br>News and Press Release<br>Dated:- 5-1-2009<br><BR>Government has fully exempted certain taxable services from service tax, provided to a goods transpor....
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....t agency (GTA) by their sub-contractors. A notification, No.1/2009-Service Tax, to this effect was issued by the Department of Revenue, Ministry of Finance, here today. These services are generally us....
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....ed by the GTA during the course of transport of goods. The specified services are :- (i) clearing and forwarding agent service; (ii) manpower recruitment or supply service; (iii) cargo handling ser....
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....vice; (iv) storage and warehousing service; (v) business auxiliary service; (vi) packaging activity service; (vii) business support service; and (viii) supply of tangible goods service. . The ta....
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....x on transportation of goods by road is on the gross amount of freight charges (after allowing abatement of 75%) which includes the expenditure incurred on above services. Since no credit is available....
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.... to GTA services, separately charging tax on these input services leads to double taxation, which would be mitigated now.<BR> News - Press release - PIB....