Works contract exemption & abatement notification

For Works Contract Service- we take 60% abatement & 40% is taxable.

& the services availed by GTA - we pay service tax on 25% of the invoice value.

so while filing the service tax returns There is a column of Exemptions & its asking if availed any benefit of exemption notification.

should i mention there 026/2012-S.T. dated 20.6.12 (where the "Services of GTA -25% taxable is mentioned")

& after that its asking for Abatements from the value of services has been claimed or not

should i mention there 024/2012-S.T. dated 06.06.12 (where it is mentioned as in case of works contract service tax shall be payable on 40% of the total amount charged for the works contract)

please advise

 

 

Replies (1)

or under Exemptions there will be -No as we are not availing any exemption.

& under abatements there will be two notifiactions as 024/2012 for works contract (60-% abatement-40% taxable)& 026/2012 for Sertvice tax on transport to be paid on 25% of invoice value by taking 75% abatement 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details