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Name of Service Abatement notified Rate Applicable (100%-Abatement) Effective Rate of ST (14.5%* Rate Applicable) INPUTS CAPITAL GOODS INPUT SERVICE

Rail Transport

(both goods and passengers)

70% 30% 4.4% NO NO NO
Air transport (passenger)            
Economy Class 60% 40% 5.8% NO NO YES
Other than Economy Class 40% 60% 8.7% NO NO YES
Goods transport by road 70%*  30% 4.4% NO NO NO
Chit fund No abatement* 100% 14.5% N/A N/A N/A
Cab transport(rent a cab) 60% 40% 5.8% NO NO NO (For Cab Operator  Input Service YES)
Goods transport by vessel 70%* 30% 4.4% NO NO NO 

Transport of passengers

other than by

           
Radio taxi 60% 40% 5.8% NO NO NO
Others (except  Cab) 60% 40% 5.8% NO NO NO

 

Tour Operator Service

           
Of package tour 75% 25% 3.6% NO NO

NO (For Tour Operator Yes)

+ Bill shall indiacate Gross Amount

Service of only booking or arranging accomodation only 90% 10% 1.5% NO NO Same
Others 60% 40% 5.8% NO NO Same

OTHER SERVICES (NOT COVERED IN CA IPCC STUDY MATERIAL)

Name of Service Abatement notified Applicable rate Effecive rate INPUTS CAPITAL GOODS INPUT SERVICE
Financial Leasing Services 90% 10% 1.5% YES YES YES
             
Supply of Food/Drinks with Rent 30% 70% 10.2% NO NO YES
(like Hotel/Banquet hall/Pandal)            
             
Renting of Hotel/Guest house/Lodge 60% 40% 5.80% Yes (no for food items) YES YES
             
Construction of Building/Complex etc 75% 25% 3.63%

NO

+

Bill shall include amount of land

YES YES

 

 

  1. Service Tax
  2. Exemptions and Abatement
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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