Seeks to amend notification No. 26/2012-Service Tax, dated 20th June 2012, so as to make necessary amendments in the specified entries prescribing taxable portion and the conditions for availing the exemption therein.

CBEC with effect from 1st April 2015 vide Notification No. 8/2015-ST, Dated: March 01, 2015has amended the AbatementNotification No. 30/2012 dated 20.06.2012 as follows:

(i) The taxable portion of service of transportation by rail, road and vessel shall be 30% subject to a uniform condition of non-availment of CENVAT Credit on inputs, capital goods and input services.

(ii) The taxable portion of value of air transport of passenger for higher classes shall be 60% as against economy class for which Service Tax is payable on 40% of the value.

(iii) Abatement is withdrawn for services provided in relation to chit and Service Tax is payable by chit fund foremen on the full consideration received by way of fee, commission or any such amount with a facility to avail CENVAT Credit on the same

Notification No. 8/2015-ST,

Dated: March 01, 2015

G.S.R. 162(E) In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.26/2012 – Service Tax, dated the 20th June, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 468 (E), dated the 20th June, 2012, namely:-

1. In the said notification, in the Table,-

(i) against Sl. No. 2, in column (4), for the entry, the following entry shall be substituted, namely:-

“CENVAT credit on inputs, capital goods and input services, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.”;

(ii) against Sl. No. 3, in column (4), for the entry ” Nil”, the entry “Same as above” shall be substituted;

(iii) for Sl. No. 5 and the entries relating thereto, the following serial number and entries shall be substituted, namely:-

(1)
(2)
(3)
(4)
“5

Transport of passengers by air, with or without accompanied belongings in

(i) economy class

(ii) other than economy class

40

60

CENVAT credit on inputs and capital goods, used for providing the taxable service, has not been taken under the provisions of the CENVAT Credit Rules, 2004.”;

(iv) against Sl. No. 7, in column (3), for the entry “25”, the entry “30” shall be substituted;

(v) Sl. No. 8 and entries relating thereto shall be omitted;

(vi) against Sl. No. 10, in column (3), for the entry “40”, the entry “30” shall be substituted.

2. This notification shall come into force on the 1st day of April, 2015.

[F.No. 334/5/2015 – TRU]

(Akshay Joshi)
Under Secretary to the Government of India

Note:- The principal notification No. 26/2012 – Service Tax, dated 20th June, 2012, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i) vide number G.S.R. 468 (E), dated the 20th June, 2012 and was last amended by notification No.08/2014 – Service Tax, dated the 11th July, 2014 vide G.S.R. 477 (E), dated the 11th July, 2014.

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Category : Service Tax (3288)
Type : Notifications (15371) Notifications/Circulars (30585)
Tags : Budget (1474) Budget 2015-16 (272) service tax notifications (1079)

6 responses to “Changes In Abatement Notification No. 26/2012-ST Dated 20-6-2012”

  1. M.KESAVULU says:

    Kindly send service tax GTA abatement notification no. to avail 76% abatement

    Regards,

    M.Kesavulu

  2. Simple says:

    Service tax rate

  3. Sarvesh says:

    75% will be abatement

  4. mohanrao says:

    75%

  5. SM says:

    Bills for services done in March’15 with a bill date of say 20.03.2015 and submitted in April’15 and paid in May’15. What will be the rate of abatement that is to be considered in case of GTA i.e. will it be at 70% or 75%

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