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.
service tax rate
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Service tax rate status pending notification; goods transport agency abatement confirmed effective from the stated date.
Service tax continues at the existing notified rate until a future notification specifies a change; any new rate will be effective only from the date so notified. The Goods Transport Agency abatement is confirmed at seventy percent and applies from the stated operative date for calculating the taxable value of GTA services, subject to formal notification. (AI Summary)
Service tax continues at the existing notified rate until a future notification specifies a change; any new rate will be effective only from the date so notified. The Goods Transport Agency abatement is confirmed at seventy percent and applies from the stated operative date for calculating the taxable value of GTA services, subject to formal notification. (AI Summary)
TaxTMI 