Tax

This query is : Resolved

Querist : Anonymous

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?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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

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 ?

Querist : Anonymous

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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