Weather abatement is include in exemption limit
Querist : Anonymous
Plz guide me in calculation
Total Receipt Rs.1200000
Abatement@60% Rs.720000
------------
Taxable service Rs.480000
hence below exemption limit( Rs.10,00,000), so no question to go for services tax obligation.
Wheather i am right ....
Querist : Anonymous
As in your case taxable part is 40%,the same only should be considered for the purpose of exemption limit.
Moreover service tax is payable only on taxable part and not on abated part.
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