Service tax to be paid on gta services
This query is : Resolved
01 July 2015
Hi,
Please guide me on how much service tax i have to pay on the bill raised by transporter, is it 25% of the service or 75% of service, i am not clear on the same.
Please make me understand the concept and accounting entries too....
Please guide me on how much service tax i have to pay on the bill raised by transporter, is it 25% of the service or 75% of service, i am not clear on the same.
Please make me understand the concept and accounting entries too....
CA PRIYUL SHAH
(Expert)
01 July 2015
Now abatement rate is changed. Earlier it was 75% abatement, From 1st april, 2015. Abatement reduced to 70%. Now you required to pay service tax on 30% of value of service.
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