4.12%
This query is : Resolved
03 August 2012
Can anyone explain to me provision under which one is liable 4.12% service tax ?
CA Amit Jaiswal
(Expert)
03 August 2012
I think you are talking about ST on GTA.
Here an abatement of 75% is provided. So ST is payable only on 25% of invoice value.
In this way, the effective rate comes to be 4% + Cess.
Here an abatement of 75% is provided. So ST is payable only on 25% of invoice value.
In this way, the effective rate comes to be 4% + Cess.
Message likes :
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CA Amit Jaiswal
(Expert)
03 August 2012
I think you are talking about ST on GTA.
Here an abatement of 75% is provided. So ST is payable only on 25% of invoice value.
In this way, the effective rate comes to be 4% + Cess.
Here an abatement of 75% is provided. So ST is payable only on 25% of invoice value.
In this way, the effective rate comes to be 4% + Cess.
Message likes :
1 times
CA BHARATH KUMAR
(Expert)
04 August 2012
here 25% of value only take and remaining 75% take as abatement
Message likes :
1 times
CA BHARATH KUMAR
(Expert)
04 August 2012
here 25% of value only take and remaining 75% take as abatement
CA BHARATH KUMAR
(Expert)
04 August 2012
here 25% of value only take and remaining 75% take as abatement
Message likes :
1 times
CA BHARATH KUMAR
(Expert)
04 August 2012
here 25% of value only take and remaining 75% take as abatement
04 August 2012
your question is not clear..
Rent a cab service has 60% abatement where the tax payable is 4.12%..
Pl. precise with your question
Rent a cab service has 60% abatement where the tax payable is 4.12%..
Pl. precise with your question
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