Poonawalla fincorps
Poonawalla fincorps

Abatement

This query is : Resolved 
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(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,
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 September 2014 u will get abatement first and then add 1% of vat

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