Abatement and exemption
This query is : Resolved
26 April 2014
what is the difference between abatement and exemption in service tax?? I m confused in this matter....please explain this..Thanks
26 April 2014
A reduction in the level of taxation faced by an individual or company. For example say there is abatement of 75% in GTA services - it means that 25% of the service value is taxable.
In case of exemption - service is not taxable at all.
In case of exemption - service is not taxable at all.
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