Dear All,
Can anybody tell me what is the Service tax rate for GTA from June 2015 onwards. And do we need to sum cess of 2% and 1% for the service tax paid in may and for subsequent adjustment of payment for June 2015.
Please guide me.
8 Replies
abhishek agarwal
(BRANCH CREDIT MANAGER)
(796 Points)
Replied 06 July 2015
rate is 4.20% (this rate is all inclusive of all types of cesses, u dont need to add any other cess of 1% and 2% seperately.)
Venkatanarayana GM
(Partner associate at Hiregange & Associates)
(1279 Points)
Replied 06 July 2015
Agreed with Abhishek
pankaj
(finance)
(52 Points)
Replied 07 July 2015
Only 14% after 70% abattment, effective rate of st would be 4.2%
No edu cess and shess to be paid
Harish Jangir
(CA Practice )
(21 Points)
Replied 11 July 2015
Hello, Can anybody tell me that whether service tax paid under reverse charge mechanism on freight of capital goods is to be capitalised or not?
karan jit singh
(Consultant)
(1299 Points)
Replied 12 July 2015
|
Originally posted by : B S Shekhar |
||
 |
Dear All, Can anybody tell me what is the Service tax rate for GTA from June 2015 onwards. And do we need to sum cess of 2% and 1% for the service tax paid in may and for subsequent adjustment of payment for June 2015. Please guide me. |
 |
Abatement is reduced to 70%
so now 14%*0.70=4.20%
karan jit singh
(Consultant)
(1299 Points)
Replied 12 July 2015
| Originally posted by : Harish Jangir | ||
|
Hello, Can anybody tell me that whether service tax paid under reverse charge mechanism on freight of capital goods is to be capitalised or not? | |
avail the cenvat credit on such capital good and utilize 50% in same year and 50% later on
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