Service tax rate and applicability (including abatement)
This query is : Resolved
04 December 2012
An assessee is renting tractors and other machineries for goods. whether he is liable for any service tax liability. If yes then whether any abatement is available on such renting out activity?
05 December 2012
Yes he is liable to service tax as per clause f of Sec 66E. Abatement @60% of gross amount charged is permissible as per entry no.9 of Notification no 25/2012 dt 20.06.2012
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