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Querist : Anonymous

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Querist : Anonymous (Querist)
24 November 2014 what is meaning of amount claimed as abatement -in service tax -3 return
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Annu Agarwal

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Annu Agarwal (Expert)
25 November 2014 Abatement referss to that part of the taxable service on which no service tax is required to be paid becaise of abatement.
Say for example:
Invoice issued by GTA for Rs 10,000
Now the service receiver needs to pay service tax.He can claim abatement of 75%,so that comes out to 7500.
In st-3 ,enter 7500 as amount claimed as abatement.Tax shall be caluculated on 2500 i.e. 2500*12.36%=309/-.
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Rupesh Jain

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Rupesh Jain (Expert)
26 November 2014 it means under service some abatement are available.

like transport , for taxi abatement available.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 November 2014 agree with annu aggrwal.....................
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