What is percentage of transportation of goods after abatemen

VISHAL GUPTA (MBA-Finance) (145 Points)

05 May 2015

Pls guide me on what is % of Transportation of Goods by truck after abetment is it 25% or 30 %?

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9 Replies

Chetan Chauhan (Asst Accounts manager) (33 Points)
Replied 05 May 2015

It must b 25% as per my knowledge

bipin shah (ca) (25 Points)
Replied 05 May 2015

It is 30% wef 01.04.2015

mohd shafey (article) (106 Points)
Replied 05 May 2015

in case of gta abatemnt of 75% is available .

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ca binny (auditor) (117 Points)
Replied 05 May 2015

Abatement 70% and taxable portion 30% from 1.4.15

vipul gandhi (Proprietor) (28 Points)
Replied 06 May 2015

Abatement is 70% for transport of goods by any mode.

Chetan Chauhan (Asst Accounts manager) (33 Points)
Replied 06 May 2015

Well folks need to clarify as notification required for 30% as it has been proposed only till then its 25%

Mukesh Kumar (Accounts Manager) (1466 Points)
Replied 06 May 2015

IT IS 30% SERIVCE TAX AND 70% ABATMENT ON VALUE OF BILL W.E. F DATE 1.4.2015.

BUT SERVICE TAX RATE IS 12 .36 % . THERE IS NO ANY CURCULAR OR NOTICE FOR AMANDMENT OF SERVICE RATE 12.36 % TO 14% AND SWATCH BHARAT CESS 2%

GOOD LUCK

Chetan Chauhan (Asst Accounts manager) (33 Points)
Replied 06 May 2015

Pardon as its effective from 1.4.15 as nw abatement reduces to 70%

Shilpa G (Finance Executive ) (21 Points)
Replied 16 July 2016

what is % for service tax on housekeeping services

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