Abatement - Services by foreman of chit fund

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..... d in relation to chit Effective Rate of tax : 70% of Service Tax prescribed u/s 66B Conditions : CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004. From 11.7.2014 to 31.3.2015 - Notification No. 08/2014 - Service Tax dated 11th July, 2014 8.Services .....

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..... ation to chit Effective Rate of tax : 70% of Service Tax prescribed u/s 66B Conditions: CENVAT credit on inputs, capital goods and input services, used for providing the taxable service has not been taken under the provisions of the CENVAT Credit Rules, 2004 Amendment notes w.e.f. 1.4.2016 - Services provided by foreman to a chit fund under the Chit Funds Act, 1982 to be taxed a .....

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..... entitled to a prize amount, INSERTED BY FINANCE ACT 2015: W.e.f. :14/5/2015 65B [(23A) foreman of chit fund shall have the same meaning as is assigned to the term foreman in clause (j) of section 2 of the Chit Funds Act, 1982 (40 of 1982);] - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia .....

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