Dear All,
Please guide me for letest abatement notification no. for GTA service which will use for april 16 to sept 16 S.T. Return.
Thanks
4 Replies
Mahendra
(Chartered Accountant)
(154 Points)
Replied 20 October 2016
For filing service tax return of Apr to Sept 2016 you have to use notification no. 8/2015 in case if you followiang abatement rate of 70% (taxable 30%) sr.no. 1(iv).
If you are following abatement rate of 60% (Taxable 40%) in case of transportation of used household goods, then you have to use Notification 8/2016 Sr. No. 1(a)(v)
satya
(Executive Excise)
(1839 Points)
Replied 20 October 2016
dear Lalit,
Abatement Notification 26/2012-ST sl.no.7 for Goods Transportation purpose.
Lalit Sangani
(M.Com. Asst. Manager Account)
(736 Points)
Replied 21 October 2016
Dear Satya Sir,
currently abatment on GTA service is 70% and 30% is taxable, as per Mr. mahendraji, notificaion no. 26/2012 sl.no. 7 has replaced with new notification no. 08/2015 s.nl. 1(iv), I am also agree with Mahendraji, I am giving new notification details if this is incorrect for GTA service receiver please correct it:
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDI
NARY, PART II,
SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
NOTIFICATION
New Delhi, the 1
st
March, 2015
No. 8/2015-Service Tax,
G.S.R. ---(E).-
In exercise of the powers conferred by sub-section
(1) of section 93 of the
Finance Act, 1994 (32 of 1994), the Central Governm
ent, being satisfied that it is necessary in
the public interest so to do, hereby makes the foll
owing further amendments in the notification of
the Government of India in the Ministry of Finance
(Department of Revenue), No.26/2012-
Service Tax, dated the 20th June, 2012, published i
n the Gazette of India, Extraordinary, Part II,
Section 3, Sub-section (i),
vide
number G.S.R. 468 (E), dated the 20th June, 2012,
namely:-
1. In the said notification, in the Table,-
(i) against Sl. No. 2, in column (4), for the entry
, the following entry shall be substituted,
namely:-
"CENVAT credit on inputs, capital goods and input s
ervices, used for providing the
taxable service, has not been taken under the provi
sions of the CENVAT Credit Rules,
2004.";
(
ii
)
against Sl. No. 3, in column (4), for the entry “ N
il”, the entry “Same as above” shall be
substituted;
(iii) for Sl. No. 5 and the entries relating theret
o, the following serial number and entries shall be
substituted, namely:-
(1)
(2)
(3)
(4)
“5
Transport of passengers by air, with
or without accompanied belongings
in
(i)
economy class
(ii)
other than economy class
40
60
CENVAT credit on inputs and
capital goods, used for providing
the taxable service, has not been
taken under the provisions of the
CENVAT Credit Rules, 2004.”;
(iv)
against Sl. No. 7, in column (3), for the entry “25
”, the entry “30” shall be substituted;
(v) Sl. No. 8 and entries relating thereto shall be
omitted;
(vi) against Sl. No. 10, in column (3), for the ent
ry “40”, the entry “30” shall be substituted.
2. This notification shall come into force on the 1
st
day of April, 2015.
[F.No. 334/5/2015 - TRU]
(Akshay Joshi)
Under Secretary to the Government of India
Note:-
The principal notification No. 26/2012 - Service Ta
x, dated 20th June, 2012, was
published in the Gazette of India, Extraordinary, P
art II, Section 3, Sub-Section (i)
vide
number
G.S.R. 468 (E), dated the 20
th
June, 2012 and was last amended by notification No
.08/2014-
Service Tax, dated the 11
th
July, 2014
vide
G.S.R. 477 (E), dated the 11
th
July, 2014.
https://www.indiabudget.nic.in/budget2015-2016/ub2015-16/cen/st0815.pdf
satya
(Executive Excise)
(1839 Points)
Replied 22 October 2016
ok, but, there is no problem mentioning Principle notification.
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