GTA - Abtement %

[venkat eswaran]

Dear All,

What is abatement % now for GTA - Goods transport agency services Service tax ?

Thanks in advance

Venkat

[PAWAN KUMAR]

Dear Sir,

Abatement is 70%. Remaining 30% is taxable.

AI Summary

GTA abatement reduces taxable value for goods transport agency services, leaving a specified residual portion subject to service tax. Abatement for Goods Transport Agency services under service tax is that abatement of 70% applies to gross charges, and the remaining 30% of the gross amount is treated as the taxable value for service tax purposes; only that residual portion is subject to service tax.