Abetment Notification

[MANO KARAN]

Dear Seniors,

I'am working in partnership firm. Initially the abetment was 75% (notification no.026/2012 S.T.)

Now the abetment is 70%. I need notification.

[KASTURI SETHI]

Notification No.8/15-ST dated 1.3.15 (Effective from 1.4.2015). Serial No.1 (iv). This is regarding abatement on freight. If u r asking different to this, let me know.

[Ganeshan Kalyani]

I think the queriest should write their concern clear to enable the experts to reply appropriately.

[KASTURI SETHI]

Sh.Ganeshan Kalyani Ji,

You are absolutely right. If query is clear, fool proof reply can be given and it will also save our precious time.

[MANO KARAN]

Mr.Kasthuri Sethi,

Thank you very much for your kind information.

AI Summary

Abatement on freight: notification revises abatement rate for partnership firms, issued reference to official notification. Abatement on freight for a partnership firm was reduced from seventy-five percent to seventy percent; the relevant instrument cited is Notification No.8/15 ST dated 1.3.2015 (effective 1.4.2015), Serial No.1(iv), which specifies the abatement applicable to freight services and should be consulted to determine the abatement's applicability to the firm's facts.