TRANSPORT OF GOODS BY ROAD, Service Tax

[SUMEDH AYARE]

WE ARE RECEIVING SERVICES FROM GTA. NOW GTA IS UNDER REVERSE CHARGE.

WHAT SHOULD BE THE POINT OF TAXATION  I.E.,  PAYMENT  OR  BILL BOOKING ? 

WHETHER WE CAN TAKE ABATEMENT OF 75% ?

Posts / Replies

[anil gupta bhikaji]

GTA was under revrse charge earlier also with some exceptions.

POTR rule 3(a) lays down that POTR is date of raising of invoice or bill booking and  invoice must b raised within 30 days of service provided or payment recieved. under noti 26 S.No.7 the abatement of 75% can b claimed.