Abatement
This query is : Resolved
TARIQUE RIZVI
(Querist)
24 September 2014
Abatement means one kind of exemption. 75% abatement on sale of flat means 75% deduction before adding 1% vat or shall be deducted 75% after adding 1% vat.
I understand that the balance 25% shall be fixed for 12.30% Service Tax.
Am I right sir,
I understand that the balance 25% shall be fixed for 12.30% Service Tax.
Am I right sir,
24 September 2014
u will get abatement first and then add 1% of vat
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