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TMI BlogTaxable turnover of GTAX X X X Extracts X X X X X X X X Extracts X X X X ..... Taxable turnover of GTA X X X X Extracts X X X X X X X X Extracts X X X X ..... rect ? If it is wrong please suggest the correct method of calculation Reply By Ganeshan Kalyani: The Reply: Sir you can very well take the benefit of abatement. However you should not deduct the value of exempted goods from gross amount of freight. The service on GTA is a tax on GTA. Thanks. Reply By KASTURI SETHI: The Reply: Sh.Frankling G, In terms of Notification No.33/12-ST, turnover of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GTA is not to be included for arriving at Rs.Ten Lakhs, threshold exemption limt. 3. For the purposes of determining aggregate value not exceeding ten lakh rupees, to avail exemption under this notification, in relation to taxable service provided by a goods transport agency, the payment received towards the gross amount charged by such goods transport agency under section 67 of the said Fi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nance Act for which the person liable for paying service tax is as specified under sub-section (2) of section 68 of the said Finance Act read with Service Tax Rules, 1994, shall not be taken into account. Reply By Ganeshan Kalyani: The Reply: Sir actually I assumed that you are receiver of GTA service hence I advised accordingly. Please refer Sri Kasturi Sir's reply in this regard. Thanks. X X X X Extracts X X X X X X X X Extracts X X X X ..... r> Discussion Forum - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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