The definition and tax ability of transportation of goods in GST are identical to as it was in 2005 (Positive Regime of Taxation in Service Tax) and 2012 (Negative Regime of Taxation in Service Tax). It is clear from the above speech, tax was imposed only on goods transport agency and not on transport owners. ![]() Nor, as was clarified by my predecessor, is there any intention to levy service tax on the savings part of the premium collected by an insurer. I may clarify that there is no intention to levy service tax on truck owners or truck operators. These are business exhibition services airport services services provided by transport booking agents transport of goods by air survey and exploration services opinion poll services intellectual property services other than copy right brokers of forward contracts pandal and shamiana contractors outdoor caterers independent TV/radio programme producers construction services in respect of commercial or industrial constructions and life insurance services to the extent of the risk premium. 58 services have been brought under the net so far. Chidambaram, in his Budget Speech on 8-7-2004 (Para 149) has stated as follows:ġ49. However, law has mischief by defining the GTA as “ Notification 12-2017 dated 28 June 2017 Paragraph 2 Clause (ze) – any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called”, because consignment note is even issued by transport owners.Īs per Rule of Interpretation of Tax Statutes given by Hon’ble Courts, whenever law has mischief, to supress such mischief one can refer the speech of mover given on the floor of Parliament.įinance Minister Shri P. ![]() 18 – Service by way of transportation of goods by road except the services of Goods Transport Agency and courier agency.” Why we are trying to differentiate GTA & Transport Owners?īecause of the following exemption – “ Notification 12-2017 dated 28 June 2017 Paragraph 1 Serial No. They provide service of transportation by using the fleet of others. The real difference between GTA and Transport Owners, GTA are not fleet owners. Goods Transport Agency (GTA) – like VRL Logistic or TCI XPS Here, we are discussing about transporter. Transportation of goods by road are done by transporter or courier agency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |