Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Provisions of clause 7 and 7(a) appear similar. In what respect they differ?

0
Posted

Provisions of clause 7 and 7(a) appear similar. In what respect they differ?

0

Clause 7 provides for abatement in value @67.00% while clause 7(a) provides for @ 75.00%. Secondly, clause 7(a) is applicable in the cases wherein value of land is part of the value of services rendered. This condition has been provided for negatively. It means that inclusion of value of land in the total value of service is not required to be proved. As long as the SP is not recovering value of land separately abatement @75.00% will be applicable.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123