Jaganvizag
Employee
Ritesh Kumar Batsh
Finance Manager
AshishKBahl
Accounts
+1 Other

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Dear All Can any one help me about Service Tax regarding "Abatement" What stands for Abatement in Service Tax. Regards Ashish Bahl
From India , Bangalore
hi ashish, please tell us in detail , what`s ur problem, r u student or working prof. or other
From India , Delhi
abatement means all your direct expences in which uou are not paying any service tax on input so its deductions are given you and you will service tax on net amount after abatements
From India, Visakhapatnam
Abatement stands for concession in service tax. Here service tax is not imposed on full value of service. but on part of service e.g. if invoice for servicing is to be raised for Rs.1000.00 and abatement of 75% allowed (e.g. in GTA Services) then service tax will be imposed only on Rs.250.00.
There are many services where abatement is allowed, but in such cases no cenvat or input tax credit will be allowed.

From India , Delhi
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