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?
CA Hemant T Dewani
(Expert)
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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