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I want to know about abatement of service tax on chit fund

This query is : Resolved 

06 February 2016 Dear sir/madam

I have been working in a chit fund company, for chit fund company service will applicable or not

if it is applicable what is the rate of service tax and from when it is applicable ?

If any abatement is there for chit company let me know

i read Delhi high court v/s UOI decision but i did't got clarity regarding the same


i am handling chit company now but foreman not yet registered under the provision of service tax, what should i do now ?

If he is registered under the provision of the service tax how could i calculate the service tax for the FY-2014-15


Thank you

06 February 2016 Service tax on foremen commission is applicable on 70%(30% abatement and no cenvat credit) with effect from 14th May 2015.

06 February 2016 70 -30 was fixed by notification 26/2012, but omitted vide notification 8/2015 dated 1-3-2015.




07 February 2016 Thank you Mr Warrier sir for your correction.



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