Service Tax in case of Good Transport of Agency

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WWW.LEGALRAASTA.COMSERVICE TAX IN CASE OF GOODS TRANSPORT AGENCY AND LEGAL COSULTANCY SERVICESHi, In this video the Legalraasta team will teach you all about the Service tax in case of Goods Transport Agency and Legal Consultancy Servicesits definition and uses.

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MEANING OF GTAMEANING OF GTAAs per Finance Act 1994, Goods Transport Agency (GTA) means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.TheFinance Act, 1997had leviedService Tax on Goods Transporter in 1997 which was subsequently withdrawn after nation-wide strike. Finally, levyingservice tax on Transport of Goods by Road is made w.e.f. 01.01.2005.As per Finance Act 1994, Goods Transport Agency (GTA) means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called.TheFinance Act, 1997 had leviedService Tax on Goods Transporter in 1997 which was subsequently withdrawn after nation-wide strike. Finally, levyingservice tax on Transport of Goods by Road is made w.e.f. 01.01.2005.

Importance of Service Tax on GTAImportance of Service Tax on GTAImportance of Service Tax on GTAThe GTA service is enumerated under reverse chargenotification no. 30/2012 dated 20.06.2012.As per the notification, full service tax shall be paid by the person liable for paying service tax other than the service provider after considering abatement. The gross amount charged on consignments transported in a goods carriage does not exceed rupees on thousand five hundredAs perService Tax Rules, 1994, the person who pays or is liable to pay freight, either he himself or through his agent, for the transport of goods by road in goods carriage, has been made liable to pay service tax. The gross amount charged on an individual consignment transported on a goods carriage does not exceed rupees seven hundred fifty

ADVANTAGES OF PUBLIC LIMITED COMPANYLEGAL CONSULTANCY SERVICESAs per Service Tax Rules, 1994, Legal Service means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority. Legal service would include advice, consultancy, technical assistance in legal matter and appearance before court and various judicial and quasi-judicial authorities. As per notification no. 30/2012 dated 20.06.2012, any legal services provided or agreed to be provided by individual advocate or a firm of advocates by way of legal services and arbitral tribunal, the service tax has to be discharged by the service receiver i.e. business entity on 100% Value of service under reverse charge mechanism.

As per Service Tax Rules, 1994, Legal Service means any service provided in relation to advice, consultancy or assistance in any branch of law, in any manner and includes representational services before any court, tribunal or authority. Legal service would include advice, consultancy, technical assistance in legal matter and appearance before court and various judicial and quasi-judicial authorities. Service tax was first introduced on Legal Consultancy Service from 01.09.2009 by the Finance (No.2) Act, 2009 by inserting clause (zzzzm) in Section 65 (105) of the Finance Act, 1994.As per notification no. 30/2012 dated 20.06.2012, any legal services provided or agreed to be provided by individual advocate or a firm of advocates by way of legal services and arbitral tribunal, the service tax has to be discharged by the service receiver i.e. business entity on 100% Value of service under reverse charge mechanism.

Importance of Service Tax on Legal Consultancy Service

Importance of Service Tax on Legal Consultancy ServiceAs per Notification No.25/2012- Dated- 20th June, 2012 , legal service tax is exempt if service is provided by,-(i) An arbitral tribunalAny person other than a business entityA business entity with a turnover up to rupees ten lakh in the preceding financial years

(ii) An individual as an advocate or a partnership firm of advocatesan advocate or partnership firm of advocates providinglegal servicesany person other than a business entity

Importance of Service Tax on Legal Consultancy ServiceAs per Notification No.25/2012- Dated- 20th June, 2012 , legal service tax is exempt if service is provided by,-

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