Service tax return

This query is : Resolved 

23 June 2014 what is the difference between exemption and abatement when a amount is shown in expemted services and when shown in abatement

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.


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