business auxiliary services abatement

[kh loya]

dear sir

we know there is abament on business auxiliary service but we dnt knw how much and by what goverment order so please

help

[KASTURI SETHI]

Abatement was available vide Notification No.1/2006-ST dated 1.3.2006 with the condition no credit was taken. No benefit could be taken in Notification no.12/2003-ST 20.6.2003. Rate of abatement depends upon the nomenclature of service.

AI Summary

Abatement on business auxiliary services available subject to no input credit and varying rates by service nomenclature. Abatement for business auxiliary services is available under a statutory notification provided no input credit has been taken; an earlier notification did not permit this benefit. The applicable abatement rate varies according to the precise service nomenclature or classification.