What is the Taxable Percentage of Goods Transportation by Truck from 1st Apr-2015. is it 25% or 30%?
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Taxable percentage transportation
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As per notification No. 8/2015-Service Tax dated 1st March 2015, the revised rate of abatement of 30% for Transport of goods by road is applicable from 1st April 2015.
Please refer to the file attached.
Please read as "revised rate of taxable portion" in the above reply.
Abatement will be 30% or taxble will be 30% ?????
Taxable portion of the service is 30%. Abatement is 70%.
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