https://www.taxtmi.com/forum/issue?id=108159 Rationalization of abatements standardises taxable valuation for rail, road goods transport agencies and vessel transport by prescribing a uniform abatement subject to a uniform non-availment condition for Cenvat Credit on inputs, capital goods and input services. The abatement for premium air passenger classes is reduced, increasing the taxable portion, and abatement for chit fund services is withdrawn so chit fund foremen must pay service tax on full consideration but may claim Cenvat Credit. en-us Sun, 01 Mar 2015 08:42:15 +0530 Thu, 23 Jan 2025 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108159 Rationalization of abatements standardises taxable valuation for rail, road goods transport agencies and vessel transport by prescribing a uniform abatement subject to a uniform non-availment condition for Cenvat Credit on inputs, capital goods and input services. The abatement for premium air passenger classes is reduced, increasing the taxable portion, and abatement for chit fund services is withdrawn so chit fund foremen must pay service tax on full consideration but may claim Cenvat Credit. Discussion-Forum Service Tax Sun, 01 Mar 2015 08:42:15 +0530 https://www.taxtmi.com/forum/issue?id=108159