service tax abatement
This query is : Resolved
21 January 2009
My company is mfg company on transportation we are paying service tax can u explain me what is service tax abatement what is its % & how it is calculated. so on that 75% we are suppose to calculate service tax also we can input credit on that our company also pays excise duty so what is CENVET CREDIT?
21 January 2009
service tax abatement is 75% on gross transportation charges & you will also take input credit on this payments
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