can transportation service receiver claim abatement when paying service tax under reverse charge? if so how much?
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Abatement
Replies (2)
Hi,there are two criterias for reverse charge ..
1) to pay 40% service tax of taxable value if the service provider doesnot claim any abatement (ie, SP 60% and SR 40%)
2) if SP claim abatement(abatement is 60%) thn SR has to pay 100% st on remaining...
ie,in short SR's liability is always 40% of st(4.944%)..abatement option is for SP.
Do u asking about GTA service???then 3.09% in short.
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