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Abated value

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(Querist)
10 February 2013 What is abated value for reverse charge mechanism?
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deepali agarwal

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deepali agarwal (Expert)
11 February 2013 Its different for all tyoes of deductions.Please specify the type of deduction on which reverse charge mechanism applies...
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F M Aquib Javed R A

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F M Aquib Javed R A (Querist)
11 February 2013 a.Renting of a motor vehicle designed to carry passenger on abated value to any person who is not engaged in a similar line of business.
b.Renting of motor vehicle designed to carry passenger on non abated value to any person who is not engaged in a similar line of business.
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F M Aquib Javed R A

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F M Aquib Javed R A (Querist)
12 February 2013 One more question is
What is the meaning of input service distributor?
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