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Rationalization of Abatements

Service Tax - Started By: - Admin TMI - Dated:- 1-3-2015 Last Replied Date:- 1-3-2015 - Question - What are amendments proposed in Abatements in service tax in Finance Bill 2015 ? - Reply By Admin TMI - The Reply = :• At present, service tax is payable on 30% of the value of rail transport for goods and passengers, 25% of the value of goods transport by road provided by a goods transport agency and 40% for goods transport by vessels. The conditions also vary. A uniform abatement .....

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