Please explain in detail.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2014
what is meaning of amount claimed as abatement -in service tax -3 return
25 November 2014
Abatement referss to that part of the taxable service on which no service tax is required to be paid becaise of abatement.
Say for example:
Invoice issued by GTA for Rs 10,000
Now the service receiver needs to pay service tax.He can claim abatement of 75%,so that comes out to 7500.
In st-3 ,enter 7500 as amount claimed as abatement.Tax shall be caluculated on 2500 i.e. 2500*12.36%=309/-.
Say for example:
Invoice issued by GTA for Rs 10,000
Now the service receiver needs to pay service tax.He can claim abatement of 75%,so that comes out to 7500.
In st-3 ,enter 7500 as amount claimed as abatement.Tax shall be caluculated on 2500 i.e. 2500*12.36%=309/-.
26 November 2014
it means under service some abatement are available.
like transport , for taxi abatement available.
like transport , for taxi abatement available.
26 November 2014
agree with annu aggrwal.....................
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