Abatement in goods transport service
This query is : Resolved
28 May 2015
Is there any change in abatement in Goods Transport by road Service.
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.
Check out link given below:
https://www.simpletaxindia.net/2015/04/service-tax-abatement-rate-chart.html
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.
Check out link given below:
https://www.simpletaxindia.net/2015/04/service-tax-abatement-rate-chart.html
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