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service tax urgent as last date of return in soon.

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(Querist)
23 April 2009 what is difference between abatement and cenvat credit in service tax and why both them them together can not be claimed?
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
23 April 2009 Abatement is the beating down or lessening of debt or taxes but

Cenvat is you pay first and then get the credit of same.

So i am sure the diff is clear to you.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
23 April 2009 Abatement - means you are allowed some exemption for service tax on the gross amount. For Example - Gross amount is 100.00. Abatement is 40%. Then service tax is payable on Rs. 60.

CENVAT Credit - means you will allowed to deduct the input service tax on the services you have acquired to provide this service. It is same like VAT where VAT payable is Output VAT - Input VAT = VAT payable. So here you can claim the benefit of input service tax.
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