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
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/-.
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
(Expert)
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.....................
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