A service tax is a tax that is levied by the government for whom certain services are provided. A service charge is an unofficial charge levied by restaurants for services provided.

The main difference is the service delivery – in 4-star hotels, you shall ask it and you will receive. However, in 5-star hotels service is provided even before the customer asks. They provide service...

PTRC stands for Professional Tax Registration Certificate, and PTEC stands for Professional Tax Enrollment Certificate. A business usually requires both to conduct business. The process to register for the...

The basic difference between an internal audit and an external audit is that an internal audit is conducted internally, by employees of the company or organization, whereas an external audit is conducted by...

A tax audit is conducted to ensure that the financial statements of a person or an organization are in order. This may be done on the behalf of the person or company, or it may be a requirement. A statutory...