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GTA ABATEMENT 70% COMES INTO EFFECT FROM ?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rishab kedawat asked over 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 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%.

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