rishab kedawat
asked over 3 years ago
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shruthi
answered over 3 years ago
By Union Budget 2015 and Notification No. 8/2015-ST, Dated: March 01, 2015 stated that - Abatement on “Transportation of goods by Goods Transport Agency” was 75% which has now been reduced to 70% it comes into effect from 1st april 2015
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Sumeet Agrawal
answered over 3 years ago
GTA abatement 70% comes into effect from 01st April 2015. to avail this GTA abatement of 70%,CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, should not be been taken by the service provider. Earlier GTA Abatement was 75% which is now 70%.
