TaxTMI 
TaxTMI 
Clarification Regarding Payment of service tax under Reverse Charge Mechanisum
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....larification Regarding Payment of service tax under Reverse Charge Mechanisum<br> Query (Issue) Started By: - VAMSI KRISHNA Dated:- 2-12-2016 Last Reply Date:- 2-12-2016 Service Tax<br>Got 2 Replies<br>Service Tax<br>Dear All, 'A ltd' is goods transport agency, agreed to transport goods of 'B ltd' & 'C ltd' in a lorry. No others goods are transported in that lorry except g....
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....oods of 'B ltd & C ltd'. For such transportation of goods 'A ltd' charged ₹ 800 & 600 to 'B ltd & C ltd' respectively. Now my doubt is 1) The above service provided by 'A ltd' is taxable service or not ???? 2) If above service is taxable, as per the provisions of 68(2) who are liable to pay tax under reverse charge mechanisum ???? 3) Applicability of ex....
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....cemption specified in mega excemption notification (line item 21 of 25/2012) Thanks in Advance Reply By Rajagopalan Ranganathan: The Reply: Sir, As per Sl. No. 21 (b) of Notification No. 25/2012-ST dated 20.6.2012 (with effect from 1.7.2012) "goods, where gross amount charged for the transportation of goods on a consignment transported in a single carriage does not exceed one thousand fiv....
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....e hundred rupees. Since the total amount charged by the transporter is ₹ 1,400/- (800+600) no service tax is payable either by the service provider or service receiver under reverse charge mechanism. Reply By Ganeshan Kalyani: The Reply: Yes Service tax is not applicable in your case as per Notification 25/2012-ST.<br> Discussion Forum - Knowledge Sharing ....