Abatement on gta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2012
As per old rules, abatement on GTA was available @75% i.e. service receipient is required to pay service tax on 25% amt.
As per Notification no.26/2012 abatement is available @25% ? It means service receipient is liable to pay servie tax on 75% amt.?
As per Notification no.26/2012 abatement is available @25% ? It means service receipient is liable to pay servie tax on 75% amt.?
02 July 2012
NO, Abatement is still 75% as per the said notification.
02 July 2012
Please read the wordings carefully. The notification says that service tax on the amount in excess of 25% of the value of service shall not be payable.
This means that the abatement is 75% and service tax payable shall be calculated on 25% of the value of the service.
This means that the abatement is 75% and service tax payable shall be calculated on 25% of the value of the service.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst on travel by air for business purposes
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- F&O reporting in ITR
- Taxation on Old jewellery sold
- Loss of interest in PF transfer from EPFO to Trust
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- U/S 194 T
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
