Chit fund company service tax

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vinod reddy (Querist)
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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.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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.

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vinod reddy

vinod reddy (Querist)
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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??

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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06 February 2016 30% abatement is withdrawn by notification 8/2015 dated 1-3-2015.

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