19 October 2009
sir, one of my client is warehousing corporation where these house store grains & wheat, rice etc. to their godown. they get all the said items through transport of goods by road and they paid transport charges to the transport agency. kindly let me know that any abatement can the corporation take ? i think 75 % abatement is availbale on transport on goods by road.
21 October 2009
Yes 75% abatement is available unconditionally. This amount of ST can be availed as credit when used in providing the warehousing services as the same is an input service.
CAclubindia
