Service tax of gta

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Dear All,

Can anybody tell me what is the Service tax rate for GTA from June 2015 onwards. And do we need to sum cess of 2% and 1% for the service tax paid in may and for subsequent adjustment of payment for June 2015.

Please guide me.

 

 

 

Replies (8)

rate is 4.20% (this rate is all inclusive of all types of cesses, u dont need to add any other cess of 1% and 2% seperately.)

Agree with Abhishek

Agreed with Abhishek

 

Only 14% after 70% abattment, effective rate of st would be 4.2% No edu cess and shess to be paid
Agree. With abhishek

Hello, Can anybody tell me that whether service tax paid under reverse charge mechanism on freight of capital goods is to be capitalised or not?

Originally posted by : B S Shekhar

Dear All,

Can anybody tell me what is the Service tax rate for GTA from June 2015 onwards. And do we need to sum cess of 2% and 1% for the service tax paid in may and for subsequent adjustment of payment for June 2015.

Please guide me.

 

 

 

Abatement is reduced to 70%

so now 14%*0.70=4.20%

Originally posted by : Harish Jangir
Hello, Can anybody tell me that whether service tax paid under reverse charge mechanism on freight of capital goods is to be capitalised or not?

avail the cenvat credit on such capital good and utilize 50% in same year and 50% later on


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