TaxTMI 
TaxTMI 
Under GTA Services what is the percentage for abatement. Is it 75% of the value of Gross service or 25% of the value of Gross service with effect from 01.07.12
ABATEMENT UNDER Goods Transport Agency
22 Mar 2013 
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GTA service abatement confirms majority deduction from gross value, leaving a reduced taxable value under service tax.
Under Goods Transport Agency services the abatement is 75% of the gross value, leaving 25% of the gross consideration as the taxable value for service tax; e.g., on a gross value of 10000 the abatement is 7500 and tax is payable on 2500. (AI Summary)
Under Goods Transport Agency services the abatement is 75% of the gross value, leaving 25% of the gross consideration as the taxable value for service tax; e.g., on a gross value of 10000 the abatement is 7500 and tax is payable on 2500. (AI Summary)