can any one plz tell me as to what are abatements in service tax ??
& its is applicable for MAY 2012 IPCC exam ??
thanks in advance ..
CA Nikhil Jhanwar
(CA,CS)
(4447 Points)
Replied 14 March 2012
Abatement Notification No. is 01/2006 dated 01.03.2006 in respect of
Abatement rate
Commecrial industrial construction service, 67%/75%
residential complex service, 67%/75%
rent a cab service 60%
Notification No. 13/2008 dt. 01.03.2008 for GTA abatement of 75%. Only those abatements are applicable which are specific for certain no. of services applicable for exams.....
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