service tax rate, Service Tax

[ranjit kunar]

Is there any changes in service tax rate from 12.36% to 14% from 01.04.2015. what is the current abatement rate for GTA (Goods Transport Agency). Previous it was 70:30.

Posts / Replies

[Mahir S]

Sir,

There is no any change at present and it is 12.36% . The 14 % rate shall be effective from a date to be notified later.

The abatement rate for GTA is 70% .

[YAGAY AND SUN]

Dear Ranjit,

Abatement on GTA is 70% w.e.f. 01-04-2015.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)