ABATEMENT RATE VARIOUS SERVICES UNDER SERVICE TAX

Posted: 10 Dec 2010 07:31 PM PST

Under service tax act general exemptions are allowed at fixed percentage for few services (List is given as under) .This fixed % is called abatements .This abatement can be claimed by the service provider if he has not claimed the cenvat credit on input services/goods. Suppose a person has provided a service of 100 Rs and abatement on that service is 30 % than he can pay tax only on 70...

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