https://www.taxtmi.com/article/detailed?id=1935 Abatement for service tax is regulated by service specific valuation rules and restrictions on Cenvat credit. Taxable gross amounts must include specified components and fair market value of goods and services supplied in relation to the service, subject to permitted deductions; retail restaurant sales and certain ancillary charges are excluded from abatement. Transport, renting, chit, tour operator and construction services face explicit prohibitions on taking Cenvat on inputs, input services or capital goods as stated, and construction valuation and receipt conditions (including completion certificate and inclusion of land and floor rise charges) determine eligibility for abatement. en-us Tue, 30 Oct 2012 13:42:37 +0530 Tue, 30 Oct 2012 13:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1935 Abatement for service tax is regulated by service specific valuation rules and restrictions on Cenvat credit. Taxable gross amounts must include specified components and fair market value of goods and services supplied in relation to the service, subject to permitted deductions; retail restaurant sales and certain ancillary charges are excluded from abatement. Transport, renting, chit, tour operator and construction services face explicit prohibitions on taking Cenvat on inputs, input services or capital goods as stated, and construction valuation and receipt conditions (including completion certificate and inclusion of land and floor rise charges) determine eligibility for abatement. Articles Service Tax Tue, 30 Oct 2012 13:42:37 +0530 https://www.taxtmi.com/article/detailed?id=1935