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ABATEMENT UNDER Goods Transport Agency, Service Tax |
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ABATEMENT UNDER Goods Transport Agency |
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Under GTA Services what is the percentage for abatement. Is it 75% of the value of Gross service or 25% of the value of Gross service with effect from 01.07.12 Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
The abatement rate for GTA services is 75%. If the value of service is Rs.10000/-, the abatement rate is Rs.7500/- (10000 x 75%) and you have to pay service tax on Rs.2500/- (25% of Rs.10000/-) Page: 1 Old Query - New Comments are closed. |
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