ICICI

Reverse mechanism on transport


Prince Malik (Student)     03 April 2015

Prince Malik
Student 
 35 points

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pls. tell me that service tax according to reverse mechanism is 25 % or increase on transport. according to new amendment.

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CA ANKUSH AGGARWAL (CHARTERED ACCOUNTANT)     03 April 2015

CA ANKUSH AGGARWAL
CHARTERED ACCOUNTANT 
 256 likes  2782 points

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Now from 1st April,abatement has been increased to 30%.So,service tax is charged on 70% amount only

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Prince Malik (Student)     03 April 2015

Prince Malik
Student 
 35 points

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So therefore total amount on which 25% service tax is paid now 30% on total amount .

avater

Vivek Venkataram (Just cleared CS(441/800) now C.A Final Attempt in May 2015)     03 April 2015

Vivek Venkataram
Just cleared CS(441/800) now C.A Final Attempt in May 2015 
 72 likes  772 points

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But ankush has that been notified. ? If yes then 25 percent of 70 percent of invoice amount. Otherwise like before 25 percent of 75 percent of invoice amount

nikhil bhudolia (Student CA Final )     04 April 2015

nikhil bhudolia
Student CA Final  
 22 points

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Please sugst me..if i dn a mistake this is right or wrong 12.36*(100-70%)


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