Poonawalla fincorp
Poonawalla fincorp

Mix bill

This query is : Resolved 
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(Querist)
06 November 2014 turnover for service tax if bill total rs100 .70% material 30% labour charge pls tell Service tax Asseable value Vat Asseable value both
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
22 November 2014 If material charges & labour charges are separately mentioned in the invoice, then turnover will be as under:

For service tax - assessable value shall be the value of the labour charges

For VAT - assessable value shall be the value of the material

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