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Reverse mechanism on transport
pls. tell me that service tax according to reverse mechanism is 25 % or increase on transport. according to new amendment.
Replies (4)
Now from 1st April,abatement has been increased to 30%.So,service tax is charged on 70% amount only
So therefore total amount on which 25% service tax is paid now 30% on total amount .
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
Please sugst me..if i dn a mistake
this is right or wrong
12.36*(100-70%)
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