if Goods Transport Agency is a private limited, while issuing invoice to customer . As per my knowledge abatment not applicabl either GTA or customer
| Is it right?? |
3 Replies
CA Gaurav Kaushik
(Practicing Chartered Accountant)
(123 Points)
Replied 25 February 2013
Abatement @ 75% is allowable
Prabhat Kumar
(Advocate & Consultant)
(1912 Points)
Replied 25 February 2013
As per Notification No. 13/2012 abatement is allowed and Service Tax is payable only on 25% of the gross amount charged.The only condition mentioned in the Notification is "the Service provider has not taken any CENVAT credit on inputs and capital goods and input services,used for providing Taxable Services,under the provision of CENVAT Credit Rules,2004.
prithviraj mohandoss
(Finance associates)
(143 Points)
Replied 25 February 2013
Dear Prabhat sir, so if the service provider hasn't taken cenvat credit for providing taxable service, 25% abtement is not applicable to Service Receiptent.
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