Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

ABATEMENTS IN SERVICE TAX: CHANGES W.E.F. APRIL 2016

Service Tax - By: - Dr. Sanjiv Agarwal - Dated:- 17-5-2016 - Change in Abatements (w.e.f. 1.4.2016 - Vide Notification No. 8/2016-ST dated 1.3.2016) Vide Notification No. 8/2016-ST dated 1.3.2016, abatement conditions and rates have been rationalized w.e.f. 1.4.2016. The changes have been made in respect of services by - tour operator services transport of passengers by rail transport of goods by rail transport of goods by rail in containers shifting of used household goods by a GTA foreman to a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n to a tour, only includes the service charges for arranging or booking accommodation for any person and does not include the cost of such accommodation. There is no change in the rate of abatement or the conditions required to be fulfilled for claiming the said abatement. (Entry at S. No. 11(i) of Notification No. 26/2012-ST as amended vide notification No. 8/2016-ST dated 1.03.2016 refers) Abatement rates in respect of services by a tour operator in relation to a tour other than in para 9.1 ab .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

try at S. No. 8 of Notification No. 26/2012-ST refers) At present, there is abatement of 60% on the gross value of renting of motor-cab services, provided no cenvat credit has been taken. It has been made clear by way of inserting an explanation in the notification No. 26/2012-ST that cost of fuel should be included in the consideration charged for providing renting of motor-cab services for availing the abatement. (Insertion of Explanation BA in Notification No. 26/2012-ST refers) At present, t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ction of complex, building, civil structure, or a part thereof, subject to fulfilment of the existing conditions. (Amendment in entry at S. No. 12 of Notification No. 26/2012-ST refers) At present, service tax is leviable on 30% of the amount charged for the service of transport of passengers by rail, without cenvat credit of inputs, input services and capital goods. Thus, abatement of 70% is presently available in respect of the said services. Abatement will continue with the same level with ce .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

goods in containers by rail by any person other than Indian Railway ). A reduced abatement rate of 60% with credit of input services has been prescribed for transport of goods in containers by rail by any person other than Indian Railway. (Existing entry at S.No. 2 and new entry at S. No. 2A of Notification No. 26/2012-ST refers) At present, service tax is leviable on 30% of the value of service of transport of goods by vessel without Cenvat credit on inputs, input services and capital goods. T .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f 70% allowed on transport of other goods by GTA). (New entry at S. No. 7A in Notification No. 26/2012-ST refers) For the purpose of calculating the abatement in case of services of renting of motor cabs, amount charged for provision of service shall include fair market value of all goods (including fuel) and services supplied by the recipient of services. Definition of package tour has been deleted w.e.f. 01.04.2016 stage carriage 01.06.2016. Change in Abatements (w.e.f. 1.6.2016 - Vide Notific .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

.f. 1.6.2016. Changes in Abatements w.e.f. 1.4.2016 vide Notification 8/2016-ST dated 01.03.2016. Table S. No. Description of service provided Existing Taxable Value Taxable value after amended Abatement 2 Transportation of goods by rail by Indian Railways 30% without Cenvat credit 30% with input service Cenvat credit 2A Transportation of goods in containers by rail by other than Indian Railways 30% without Cenvat credit 40% with input service Cenvat credit 3 Transportation of passenger, with or .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

vessel 30% without Cenvat credit 30% with input service Cenvat credit 11 (i) Services by a tour operator in relation to package tour 25% with input service credit of other operator 30% with input service credit of other operators 10% with 11 (ii) Services by a tour operator, solely arranging booking services 10% without Cenvat credit Cenvat of input service credit of other operators 40% with 11 (iii) Services other than 11 (i) and 11 (ii) 40% without Cenvat credit Cenvat credit of input service .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Updates     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version