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Invoice

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2013 Dear Sir,
One of my client is a civil contrator. Suppose he constrcuted a structure and material cost therein is Rs. 300000/- and labour cost is Rs. 200000/-. Now he draft his invoice a follows -

Materials - 300000/-
Vat 5% - 15000/-
Total - 315000/-
Labour - 200000/-
Service Tax 12.36% - 24720/-
Grand Total - 539720/-

Whether the above format is right or not ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
08 August 2013 yes. since his work involve both material and labour, it will apply both taxes

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