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Service tax %

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(Querist)
23 October 2008 Can you tell me the service tax % for the following GTA services.

1). Goods Transport Agency
2). Commercial / Industrial construction
3). Business Auxillary services
4).Renting of Immovable property


Regards

Sam
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Ankit Dangayach

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Ankit Dangayach (Expert)
26 October 2008 Percentage of abatement is as follows

Commercial/Industrial Construction: 67%
Business Auxiliary Services: 30%
Renting of Immovable property:No Abatement

So u can calculate the effective service tax rate after considering abatements i.e 67 % abatement means service tax is chargeable on only 33 % of the value of the service.

In Finance act 2008 Goods transport agency(GTA) has been excluded from Output service.Besides this earlier Abatement of 75% on GTA service is withdrawn,instead exemption of 75 % of Gross amount charged as freight is introduced unconditionally.
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