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Out door catering

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2013 there is a lot of confusion in (ODC)Out door Catering Services as tally show 40% abatment & notification 26/2012 show 30% please help me what is the actual ratio.Sub clouse no- zzt
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
06 July 2013 Check if Tally is updated with latest Stat Release. Currently it must show Stat Release 197.
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Querist : Anonymous

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Querist : Anonymous (Querist)
06 July 2013 please cleare me the retio is 70:30 or 60:40
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
06 July 2013 Both ratio apply to different situation. But in your case, i.e., outdoor catering, 70% is taxable value.
You might have selected incorrect head in tally as 40% abatement is for Supply of food in Restaurant or other premises.
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