Ritesh Kumar Batsh
Finance Manager
+1 Other

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
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
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™