ABATEMENTS ORIGINAL RATES (SERVICE TAX)

  

ABATEMENTS – NN 26/2012

Services	Abatement	Conditions
11 (ii) Accommodation Booking Service  by Tour Operator	90% of amount Charged	No CC . Other than IS of Tour Operator [01/10/2014]  .Invoice inclusive of Accommodation Cost
11(i) Package Tour by Tour Operator – Tpt, Hotel, Sight Seeing, Food, Entry Charges	75% of Gross Amount Charged	No CC Other than IS of Tour Operator [01/10/2014]  . Invoice Inclusive of all charges of tour
11 (iii) Services  by Tour Operator other than above	60% of amount Charged	No CC. Other than IS of Tour Operator [01/07/2014]  . Invoice Inclusive of all charges of tour
6. Renting of Hotels, Clubs, Other Commercial Places meant for residential or Lodging Purposes	40% on GAC	CC  of Inputs allowed . No CC of IS/CG
2. Transport of goods by rail	30% of GAC	No restriction on CC
3. Transport of passengers by rail	70% of GAC	No restriction on CC
5. Transport of passengers by air	60% of GAC	CC of IS No CC of Inputs / CG
7. Services of goods transport agency in relation to transportation of goods.	75% of GAC	No CC + Certificate from GTA
10. Transport of goods in a vessel	50% 40% of GAC [1/10/2014]	No CC
9. Renting of any Motor vehicle designed to carry passenger  Motorcab	60% of GAC	No CC of I/CG/IS except 100% CC of IS (Abated) / 40% CC of IS (Unabated) Renting of Cab
9A Transport of passenger by a Contract Carriage other than Motor Cab or Radio Taxi	60% of GAC	No CC
1. Services in relation to financial leasing including hire purchase	90% of Interest Portion	No Restriction on CC . No abatement on Lease Management Fee, Processing Fee, Documentation Charges , Administrative Fee
8. Chit Fund Related Services	30% of GAC	No CC
4. Bundled service by way of supply of food or any other article of human consumption or any drink, in a premises ( including hotel, convention center,club, pandal,shamiana or any other place, specially arranged for organizing a function) together with renting of such premises	30% of GAC including Fair Value of Goods / Services Supplied by SR under same or different contracts	CC of IS/CG available. CC on Foods items covered under Chapter 1 to 22 of CETA not available. CC of other inputs available.
12. Construction 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	70% of GAC including Fair Value of Goods / Services Supplied by SR under same or different contracts	No CC on Inputs used CC of IS/CG available. Value of Land included in amount charged from SR
Same as above + Carpet Area less than 2000 sq ft AND amount charged less than 1 Crore.	75% of GAC including Fair Value of Goods / Services Supplied by SR under same or different contracts	No CC on Inputs used CC of IS/CG available. Value of Land included in amount charged from SR

Alternate/Optional (Composition Scheme) Rates of ST – STR 1994

Air Travel Agent  - Rule 6(7) of STR No  Restriction on CC	Domestic Booking  - 0.60% of Basic Fare	No  Restriction on CC
	International Booking  - 1.20% of Basic Fare
Life Insurance Business – Rule 6(7A) of STR No Restriction on CC	X-Y@12.36%	Entire premium not paid towards risk X= Gross Premium allocated towards    Investments/savings ,  Mortality, Commission and Expenses/ overheads (-)  Mortality, Commission and Expenses/ Overheads shown separately in policy  (Example – Annuity, Superannuation policy)
	3/1.5% of X	Entire premium not paid towards risk X = Gross Premium allocated towards    Investments/savings ,  Mortality, Commission and Expenses/ overheads NOT shown separately in policy
	No Option available	Entire premium paid towards risk cover in Policy
Purchase and Sale of Foreign Currency   - Rule 6(7B) of STR No Restrictions on CC	Gross amount of Currency Exchanged Upto 1 Lacs/ 1 Lac + and upto 10 Lacs / 10 Lacs +	Rate - 0.12% / Rs. 120 + 0.06% / 660 + 0.012% - Maximum 6000
Promotion or Marketing etc. of Lottery Tickets  Rule 6(7C) of STR No Restriction on CC	If Guaranteed Prize pay out is more than 80%	7000 on every 10 Lacs (or Part of 10 Lacs ) on the Aggregate Face Value of Lottery Tickets  PRINTED  (NOT SOLD)
	If Guaranteed Prize pay out is less  than 80%	11000 on every 10 Lacs (or Part of 10 Lacs ) on the Aggregate Face Value of Lottery Tickets PRINTED  (NOT SOLD)
	Online Lottery	Aggregate Face Value of Lottery Tickets = Aggregate Value of Tickets  SOLD (Not Proposed under the Scheme)

Composition Scheme of Valuation -  ST (DOV) Rules 2006 – Rule 2A of ST (DOV) Rules, 2006

Original Work Contract				Value = 40%
Repair and Maintenance, Recondition, Restoration, Servicing Contract				Value = 70%
Completion and Finishing and Installation of Electrical Fittings				Value = 60% 70% [01/10/2014]
Purchase and Sale of Foreign Currency – Rule 2B of ST(DOV) Rules 2006
Conversion of Foreign Currencies	If RBI Reference Rate Available					If RBI Reference Rate not Available
Purchase of Foreign Exchange  against Indian Currency	RBI Reference Rate – Purchase Rate					1% of Purchase Value in Indian Currency
Sale of Foreign Currency against Indian Currency	Sales Rate – RBI Reference rate					1% of Sales Value in Indian Currency
Lower of the below two values :
Exchange of Foreign Currency in Foreign Currency			1% Purchase converted in Indian Rupees at RBI Reference Rate				1% Sales Converted in Indian Rupees at RBI Reference Rate
Supply of Food and Drinks  in  a restaurant or as outdoor catering as under: Rule 2C of ST (DOV) Rules 2006
Service portion of food and drink at Restaurant		40% of Total Amount			Total Amount = Amount Charged + Free Supplies - VAT
Service portion of food and drink in outdoor catering		60% of Total Amount
No - CC of duty paid on Goods classified under Chapter 1-22 of CETA CC of other Inputs + IS + CG available