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Abatement in service tax

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Shashi Kumar C.G.

Shashi Kumar C.G. (Querist)
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11 April 2008 There is 60% abatement of service tax in transport industry. Basing on this, they are charging only 4.944% Service Tax. What is this abatement?
What is the purpose of this abatement? why it is given?
Can't we change to normal slab?
If we change to normal slab, can we claim input credit of service tax?

Its urgent.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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12 April 2008 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

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