abatement of service tax on erection,commissioning and insta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2011
sir,
our cliant is a service provider of erection commissioning and installation service.is their any abatement is there and tell me the penality for non filing of monthly returns. the registration dt is sept,2010.please give suggestions, and give notification number and provide link
our cliant is a service provider of erection commissioning and installation service.is their any abatement is there and tell me the penality for non filing of monthly returns. the registration dt is sept,2010.please give suggestions, and give notification number and provide link
09 March 2011
Yes, the abatement is available vide notification no. 1/2006. The assessee can charge service tax on 25% of the total bill amount which shall be inclusive of the material. Also the assessee if availing the benefit of abatement, it cannot take the cenvat credit. Return under service tax has to be filed six monthly and not monthly. However, tax has to be deposited monthly. if it is deposited late, there is a interest @ 13% p.a.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
11 March 2011
sir replay link also
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