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What Will Be The Effective Rate Of Service Tax In Case Of Specified Services Under The Abatement Notification Like Gta Services (other Than Used Household Goods) After Levy Of Kkc? |
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Answer» Service tax is REQUIRED to be PAID on 30% of VALUE of taxable service, after abatement of 70% as provided under the SAID Abatement Notification. The effective rate of Service tax including SBC and KKC would be 4.50% (i.e. 30% of 15%). Service tax is required to be paid on 30% of value of taxable service, after abatement of 70% as provided under the said Abatement Notification. The effective rate of Service tax including SBC and KKC would be 4.50% (i.e. 30% of 15%). |
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