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Querist : Anonymous (Querist)

24 November 2014 what is meaning of amount claimed as abatement -in service tax -3 return

Annu Agarwal

Annu Agarwal (Expert)
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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/-.

Rupesh Jain

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

like transport , for taxi abatement available.

CS,CA F,Numrologi TusharSampat

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

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