Tag Archives: Chit Fund Services

Abatement on Chit Fund Services

Finance Bill 2016 Abatement on Chit Fund Services (Applicable w.e.f. 01.04.2016) Abatement is being provided by a foreman of chit fund in relation to chit. Now, the said services shall be taxed after availing the abatement of 30% subject to condition of non-availment of CENVAT Credit in respect of inputs, capital goods and input goods.… Read More »