https://www.taxtmi.com/article/detailed?id=1642 The article explains that abatement reduced assessable value to exclude goods but historically disallowed Cenvat credit on input services when abatement was claimed, causing a cascading tax effect; the 2012 budget permitted Cenvat credit for input services (and in some instances inputs and capital goods) for a limited list of abated services, yet selectively excluding other similar services (e.g., construction), producing continued inequity and raising questions whether benefits will be passed to customers. en-us Sat, 17 Mar 2012 13:44:22 +0530 Sat, 17 Mar 2012 13:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1642 The article explains that abatement reduced assessable value to exclude goods but historically disallowed Cenvat credit on input services when abatement was claimed, causing a cascading tax effect; the 2012 budget permitted Cenvat credit for input services (and in some instances inputs and capital goods) for a limited list of abated services, yet selectively excluding other similar services (e.g., construction), producing continued inequity and raising questions whether benefits will be passed to customers. Articles Service Tax Sat, 17 Mar 2012 13:44:22 +0530 https://www.taxtmi.com/article/detailed?id=1642