1.

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?

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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