Is there any cahge in Abatement of Out Door Catering ? If Yes what is Revised Abatement? What is effective Date?
Thanks.
4 Replies
shashi bhusan panda
(Accounts Executive)
(24 Points)
Replied 22 June 2012
I have also same problem. Please update.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 22 June 2012
No there is no change in Abatements alloweable to Outdoor Caterers.
Rahul
(Manager)
(45 Points)
Replied 22 June 2012
Currently there is a 50% abatement subject to conditions as per S.Tax Notf. No. 1/2006-Service Tax dt. 1st March, 2006. Now abatement is reduced from 50% to 40% , so you mean to pay the Service tax @ 12% on 60 Rs. if your gross amount of bill is 100 Rs. Effective date is 1.7.2012 but seems little clarification needed as news is there will be delay in implementing negative list & other changes by 3-4 months.
Ajit kumar Dubey
(Taxation Manager)
(637 Points)
Replied 03 July 2012
For an outdoor catering service where the contract is only for providing food, then no abatement is allowed as per the amended law. However, when food is provided along with the rent of the said premises where the programme is organized then abatement @ 30% is allowed.
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