GTA Budget 2008

This query is : Resolved

Sarvesh Mani Tiwari,CFA(ICFAI) (Querist)
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10 March 2008 We are manufacture and paying transportion on purchasing Raw Materail what % service tax deposited to claim subsequently earlier it was 25%of Service tax

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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10 March 2008 Further,the central govt has granted an unconditional abatement to the extent of
75% of the freight,in other words,service tax is reqired to be paid only on 25% of the freight irrespective of who pays service tax,he can claim 75% abatement without the requirment of having to prove non-availment of cenvat credit by the goods transport agaency(Notification No.12/2008-ST dated 01/03/2008& 13/2008 dated01/03/2008

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