Service Tax on loading & unloading Expenses
Posted @ July 31, 2016, 9:50 pm under (Service Tax Updates)
The adjustment in payment on account of loading and unloading charges by way of Debit Note may amounts to reimbursement of expenses. No compliance to be made by the service receivers for loading and unloading charges paid by tem. Loading and unloading charges are not covered under reverse charge. Reimbursement of expenses is covered under service tax valuation rules w.e.f. 14.5.2015 , with certain exemptions.