https://www.taxtmi.com/article/detailed?id=1670 Budget 2012-2013 sets sector-specific deemed value abatement percentages to determine taxable value for service tax across services such as leasing, rail and air passenger transport, goods transport, catering, hotels, vehicle rentals, chit services and tour operators. The notification pairs each abatement rate with conditions limiting or disallowing CENVAT credit in specified cases and includes exemptions for low-value consignments for goods transport agencies, thereby creating tailored valuation and credit rules for compliance. en-us Sat, 24 Mar 2012 12:43:30 +0530 Sat, 24 Mar 2012 12:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1670 Budget 2012-2013 sets sector-specific deemed value abatement percentages to determine taxable value for service tax across services such as leasing, rail and air passenger transport, goods transport, catering, hotels, vehicle rentals, chit services and tour operators. The notification pairs each abatement rate with conditions limiting or disallowing CENVAT credit in specified cases and includes exemptions for low-value consignments for goods transport agencies, thereby creating tailored valuation and credit rules for compliance. Articles Service Tax Sat, 24 Mar 2012 12:43:30 +0530 https://www.taxtmi.com/article/detailed?id=1670