4.12%


This query is : Resolved 

03 August 2012 Can anyone explain to me provision under which one is liable 4.12% service tax ?

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.

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.

04 August 2012 here 25% of value only take and remaining 75% take as abatement

04 August 2012 here 25% of value only take and remaining 75% take as abatement

04 August 2012 here 25% of value only take and remaining 75% take as abatement

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


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