Service tax return
This query is : Resolved
avant jain
(Querist)
23 June 2014
what is the difference between exemption and abatement
when a amount is shown in expemted services and when shown in abatement
Nischit Sanghavi
(Expert)
24 June 2014
Exempted services means no service tax would be charged on any Transaction to be entered by the assessee.
While Abatement means Service Tax would be applicable but at Lower Rate, like abatement is 70% then service tax would be charge on 30% at applicable rate.
While Abatement means Service Tax would be applicable but at Lower Rate, like abatement is 70% then service tax would be charge on 30% at applicable rate.
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