What r services on which tax rate is below than 12.36%
This query is : Resolved
Natasha Mourya
(Querist)
03 January 2015
Kindly explain the services on which rate of service tax is below than 12.36%............
CA R SEETHARAMAN
(Expert)
03 January 2015
Service tax rate is 12.36% only. It is only lower due to entailment of abatement. Take the case of AC restaurant 60% abatement is available only 40% value of food supplied is charged for service tax. If we apply 12.36% on 40% of value it will be lower.
CA Ayush Agarwal
(Expert)
03 January 2015
Please Check the Abatement List of services. apart from that all service are charged by 12.36%.
Where 100% is not service, there only service tax abatement is allowed.
Where 100% is not service, there only service tax abatement is allowed.
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