Abatement in service tax

This query is : Resolved

Nitin Panthri (Querist)
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08 January 2013 Dear Experts,

I am in a great confusion in respect of Abatement given in Notification 26/2012 in Service Tax. As per notification the abatement is available if the condition is satisfied.

Now, I want to know whether this Notification is applicable for Reverse Charge mechanism and how much Service Tax will be paid by me on Reverse Charge of GTA.

And if this notification is applicable on Reverse Charge also then will I have to pay @ 25%?

Regards,
Nitin Panthri

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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08 January 2013 Yes, it is applicable for reverse charge also.
You are liable for service tax on 25% of value.

Nitin Panthri

Nitin Panthri (Querist)
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08 January 2013 Thanks for your Valuable reply sir.. Just want to know further about the condition given therein. Actually our company's auditor was saying that we need to take a declaration from Transporter stating they are not availing CENVAT credit on Inputs, Capital Goods and Input Services.

I am unable to understand his point.

CA CS Amit S. Kedia

CA CS Amit S. Kedia (Expert)
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08 January 2013 Yes, he is right.. you are required to get a declaration from the transporter.

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