Chit fund company service tax
This query is : Resolved
vinod reddy
(Querist)
06 February 2016
want to know about service tax calculation for foreman commission for the financial year 2014-15,because earlier abatement was there after that amendment has been made to that, i want to know from when amendment has been made and rate of service tax with circular.
06 February 2016
1. ST will not apply in FY 2014-15 in view of decision in UOI Vs. Delhi Chit Fund Association 32 Taxmann 332 (Del).
2. From 14-5-2015, ST attracts on the full amount of Foreman's commission.
2. From 14-5-2015, ST attracts on the full amount of Foreman's commission.
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vinod reddy
(Querist)
06 February 2016
Dear Sir
There is abatement of 30% earlier,but according to your reply there is no need to calculate service tax only is that right??
There is abatement of 30% earlier,but according to your reply there is no need to calculate service tax only is that right??
06 February 2016
30% abatement is withdrawn by notification 8/2015 dated 1-3-2015.
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