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SERVICE TAX ABATEMENT CHART FOR FY 2016-2017 AY 2017-2018

SERVICE TAX ABATEMENT CHART FOR FY 2016-2017 AY 2017-2018

Sl. No.Description of taxable serviceTaxable per cent (%)Abatement per centEffective rate of ST: 01.06.2015 to 14.11.2015  (%)Effective rate of ST: 15.11.2015 (after Introduction of SB Cess @ 0.5%) up to 31.05.2016  (%)Effective rate of ST: 1.06.2016 (after Introduction of KKC @ 0.5%)(%)
1Financial leasing including hire purchase10901.4(14%*10%)1.45(14.5%*10%)1.5(15%*10%)
2Transport of goods by rail (other than service specified at Sl. No. 2A below)30704.2(14%*30%)4.35(14.5%*30%)4.5(15%*30%)
2ATransport of goods in containers by rail by any person other than Indian Railways4060NAEntry inserted vide NN 8/2016-ST dated 01.03.2016 w.e.f 01.04.2016Applicable rate of ST w.e.f 01.04.2016 to 31.05.2016: 5.8 (14.5%*40%)6(15%*40%)
3Transport of passengers, with or without accompanied belongings by rail30704.2(14%*30%)4.35(14.5%*30%)4.5(15%*30%)
4Bundled services by way of supply of food or any other article of human consumption or any drink, in a premises together with renting of such premises70309.8(14%*70%)10.15(14.5%*70%)10.5(15%*70%)
5Transport of passengers by air, with or without accompanied belongings in –
(i) economy class40605.6(14%*40%)5.8(14.5%*40%)6(15%*40%)
(ii) other than economy class60408.4(14%*60%)8.7(14.5%*60%)9(15%*60%)
6Renting of hotels, inns, guest houses, clubs, campsites or other commercial places meant for residential or lodging purposes.60408.4(14%*60%)8.7(14.5%*60%)9(15%*60%)
7Services of goods transport agency in relation to transportation of goods other than used household goods.30704.2(14%*30%)4.35(14.5%*30%)4.5(15%*30%)
7AServices of goods transport agency in relation to transportation of used household goods.4060NAEntry inserted vide NN 8/2016-ST dated 01.03.2016 w.e.f 01.04.2016.Applicable rate of ST w.e.f 01.04.2016 to 31.05.2016: 5.8 ( 14.5%*40%)6(15%*40%)
8Services provided by a foreman of chit fund in relation to chit7030Entry inserted vide NN 8/2016-ST dated 01.03.2016 w.e.f. 01.04.2016, earlier omitted vide NN 08/2015-ST dated 01.03.2015.Applicable rate of ST w.e.f 01.04.2016 to 31.05.2016: 10.15 (14.5%*70%)10.5(15%*70%)
9Renting of motorcab40605.6(14%*40%)5.8(14.5%*40%)6(15%*40%)
9ATransport of passengers, with or without accompanied belongings, by-a) a contract carriage other than motorcab40 

60

5.6(14%*40%)5.8(14.5%*40%)6(15%*40%)
b) a radio taxi
Service tax is proposed to be levied on service of transportation of passengers by air conditioned stage carriage @ 40% after abatement of 60% without input tax credit, with effect from 01.06.2016 [Deletion of Section 66D(o)(i) of the Finance Act and insertion of Entry No. 23(bb) of the Mega Exemption Notification w.e.f 01.06.2016]
10Transport of goods in a vessel30704.2(14%*30%)4.35(14.5%*30%)4.5(15%*30%)
11Services by a tour operator in relation to-
(i) a tour, only for the purpose of arranging or booking accommodation for any person10901.4(14%*10%)1.45(14.5%*10%)1.5(15%*10%)
(ii) tours other than (i) above40/30 

 

60/70

5.6(14%*40%)15.11.2015 to 31.03.2016: 5.8(14.5%*40%)4.5(15%*30%)
01.04.2016 to 31.05.2016: 4.35
(14.5%*30%)
NN 8/2016-ST dated 01.03.2016 w.e.f. 01.04.2016: Abatement rates in respect of services by a tour operator in relation to a tour other than (i) has been rationalised from 75% (package tour) and 60% (others) to 70%. Consequently, the category of “package tour” stands deleted w.e.f. 01.04.2016
12Construction of a complex, building, civil structure or a part thereof, intended for a sale to a buyer, wholly or partly except where entire consideration is received after issuance of completion certificate by the competent authority:30704.2(14%*30%)4.35(14.5%*30%)4.5(15%*30%)
Effective from 01.04.2016, a uniform abatement at the rate of 70% is prescribed for services of construction of complex, building, civil structure, or a part thereof, subject to fulfillment of the existing conditions. For the scenario till 31.03.2016:
(a) for a residential unit satisfying both the following conditions, namely:-(i) the carpet area of the unit is less than 2000 square feet; and25 

 

75

3.5(14%*25%)15.11.2015 to 31.03.2016: 3.625 (14.5%*25%)
(ii) the amount charged for the unit is less than Rupees 1crore;
for other than the (a) above.30704.2(14%*30%)15.11.2015 to 31.03.2016: 4.35 (14.5%*30%)
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