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From 2018 onwards, Service Tax has been replaced by GST in CA, CS, CMA exams. Please check GST for Exams.
Learn free in Detail Exemptions and Abatement for November 2016 CA Exams and December 2016 (CS,CWA,CMA Exams)
Every topic is well explained with the help of Easy Notes and Charts prepared by experienced Chartered Accountants
While in case of abatement, Service tax is levied at lower rate,
in case of exemption,service tax is not charged at all
Hence exemption is scheme of government through which Service is made tax free
Both ABATEMENT and EXEMPTIONS are notified by Government by issuing notifications
Videos in Hindi are provided for Better Understanding
This will help you score well in your exams
Abatement means discount or reduction on service tax rate as notified by governmenttement
All amendments updated for November 2016 exams of CA and December 2016 exams of CS and CWA
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