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Abatement - Financial leasing including hire purchase

Service Tax - Abatement, Composite Rate of Tax, and Valuation Scheme for specified services - 001 - Sr. No. 1 Financial leasing including hire purchase W.e.f. 1.7.2012 Scope of abated service - Notification no 26/2012-ST dated 20.6.2012 From 1.4.2012 Services in relation to financial leasing including hire purchase. Effective Rate of tax: 10% of Service Tax prescribed u/s 66B Conditions : Nil Explanation: as appended to the Notification (i) The amount charged shall be an amount, forming or repre .....

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