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 Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Rent on gst on self ownership commercial property
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
