Please explain in detail.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2014
what is meaning of amount claimed as abatement -in service tax -3 return
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/-.
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/-.
26 November 2014
it means under service some abatement are available.
like transport , for taxi abatement available.
like transport , for taxi abatement available.
26 November 2014
agree with annu aggrwal.....................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Non-Compliance documents have not been submitted by the contractors debited
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Journal entry of busniess expenses
- Invertaded duty struture
- Cash balance limit and property purchases limit
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST not cancelled by tenant
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
