Our Recommendations :-
Follow FB Page Facebook

Latest Service Tax Invoice in Excel Format

Latest Service Tax Invoice in Excel Format is Available in CAKART website. Download Latest Service Tax Invoice in Excel Format with Krishi Kalyan Cess@ 0.5% and Swachh Bharat Cess@ 0.5%. Download Service tax invoice format in Excel. We are providing  Service Tax Invoice format effective from 1st June 2016.

latest-service-tax-invoice

latest-service-tax-invoice

Scroll Down and Download Latest Service Tax Invoice in Excel Format

Service Tax Abatement Chart after budget 2016

Abatements:

The proposed rationalisation in abatement’s came from the 1st day of April, 2016.

♣ In cases where the tour operator is providing services solely of arranging or booking accommodation for any person in relation to a tour, abatement of 90% is available with specified conditions. However, this abatement of 90% cannot be claimed in such cases where the invoice, bill or challan issued by the tour operator, in relation to a tour, only includes the service charges for arranging or booking accommodation for any person and does not include the cost of such accommodation. There is no change in the rate of abatement or the conditions required to be fulfilled for claiming the said abatement.

♣  Services provided by foreman to a chit fund under the Chit Funds Act, 1982 are proposed to be taxed at an abated value of 70% [i.e., with abatement of 30%], subject to the condition that Cenvat credit of inputs, input services and capital goods has not been availed.

♣  Abatement rates in respect of services by a tour operator in relation to a tour other than in para above, is being rationalised from 75% and 60% to 70%. Consequently, the definition of “package tour” as provided in the relevant notification is being omitted.

♣  Abatement on transport of used household goods by a Goods Transport Agency (GTA) is being rationalised at the rate of 60% without availment of cenvat credit on inputs, input services and capital goods by the service provider (as against abatement of 70% allowed on transport of other goods by GTA).

♣  At present, there is abatement of 60% on the gross value of renting of motor-cab services, provided no cenvat credit has been taken. It is being made clear by way of inserting an explanation in the notification No. 26/2012-ST that cost of fuel should be included in the consideration charged for providing renting of motor-cab services for availing the abatement.

Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below – 
For any questions Request A Call Back  

♣  At present, two rates of abatement have been prescribed for services of construction of complex, building, civil structure, or a part thereof,- (a) 75% of the amount charged in case of a residential unit having carpet area of less than 2000 square feet and costing less than Rs 1 crore, and (b) 70% of the amount charged in case of other than (a) above, both subject to fulfilment of certain conditions prescribed therein. A uniform abatement at the rate of 70% is now being prescribed for services of construction of complex, building, civil structure, or a part thereof, subject to fulfilment of the existing conditions.

♣  At present, service tax is le-viable on 30% of the amount charged for the service of transport of passengers by rail, without cenvat credit of inputs, input services and capital goods. Thus, abatement of 70% is presently available in respect of the said services. It is proposed to continue with the same level of abatement with cenvat credit of input services for the said service.

♣  At present, service tax is payable on 30% of the value of service of transport of goods by rail without cenvat credit on inputs, input services and capital goods. Thus, abatement of 70% is presently available in respect of the said service. It is now proposed to continue with the same level of abatement with cenvat credit of input services for transport of goods by rail (other than “transport of goods in containers by rail by any person other than Indian Railway”). A reduced abatement rate of 60% with credit of input services is being prescribed for transport of goods in containers by rail by any person other than Indian Railway.

Download Latest Service Tax Invoice in Excel Format

latest-service-tax-invoice

latest-service-tax-invoice

Latest Service Tax Invoice

Recommended Articles:

Various Accounting Entries For Service Tax ,TDS, VAT

TDS and Service Tax Amendments w.e.f to June 2016

Service tax Case Laws applicable May 2016 Exam

Service Tax Return Filing Working Note

Latest Service Tax Invoice in Excel Format

latest-service-tax-invoice

latest-service-tax-invoice

At CAKART (https://www.cakart.in) you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams

Click here to watch India’s best CA CS CMA Video Classes.

Click here to see a list of India’s most popular CA CS CMA text books.

Click here to download FREE CA CS CMA books.

 

About Author: cakart

Leave a Reply

Your email address will not be published. Required fields are marked *

Chat with a counsellor
SIGN UP
CA Final
Demo Videos
Watch Now