Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2014 1.What is the difference between a notification and a circular?
2. What is the difference between a negative list and a mega exemption notification?

14 March 2014 negative list is a list of service which are fully exempted for application of service tax...

mega exemption is first the services are taxable but due to notification it is made either partially or fully exempted.

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Querist : Anonymous

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17 March 2014 COuld you pls explain the levy luxurious tax? What if a discount is given ? Will it be still charged on the gross amount ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2014 COuld you pls explain the levy luxurious tax? What if a discount is given ? Will it be still charged on the gross amount ?


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