TaxTMI 
TaxTMI 
Abatement entry no in case of Restaurent food
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....batement entry no in case of Restaurent food<br> Query (Issue) Started By: - VAMSI KRISHNA Dated:- 30-3-2017 Last Reply Date:- 31-3-2017 Service Tax<br>Got 5 Replies<br>Service Tax<br>Sir, Let me kno....
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....w relevent notification entry no for to claim 60% of abatement in case of serving of food in air conditioned primises Thanks Reply By KASTURI SETHI: The Reply: Dear Querist, See Notification No.24....
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..../12-ST dated 6.6.12 effective from 1.7.12. Service portion has been specified under Rule 2 C. (Determination of value of service portion...................). You cannot call it abatement other wise. (....
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....Service Portion specified as 40%). Abatement is under Notification No.26/12-ST. Reply By Rajagopalan Ranganathan: The Reply: Sir, As per rule 2C of Service tax (Determination of Value) Rules, 2006 ....
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...."Subject to the provisions of section 67, the value of service portion, in an activity wherein goods being food or any other article of human consumption or any drink (whether or not intoxicating....
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....) is supplied in any manner as a part of the activity at a restaurant or as outdoor catering is 40% of the total amount charged". Reply By Ganeshan Kalyani: The Reply: Sri Kasturi Sir, thanks f....
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....or clearing the difference between abatement and valuation. Reply By Himansu Sha: The Reply: Such a concept makes him a true expert. Reply By VAMSI KRISHNA: The Reply: Thanks for all<br> Discussi....
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