IS THERE ANY CHANGE IN ABATEMENT OF SERVICE TAX ON CATERING SERVICES? PRESENT RATE IS 50% I GUESS...
2 Replies
Satish
(CA Final Student)
(479 Points)
Replied 15 June 2011
There is no change & it is 50 % right now. But the receiver of service is not allowed to take any credit of cenvat after ammendment in Cenvat Credit Rules.
Satish
(CA Final Student)
(479 Points)
Replied 19 March 2012
In Budget 2012 the abatement is reduced to 40% w.e.f. 1st April 2012
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