31 May 2015
Abatement for GTA(Goods transport services) by road reduced from 75% to 70%.
Service Tax will be paid on 30% of gross amount charged(means no service tax on 70% value of gross amount charged.). The condition to such abatement is that the CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.
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