service tax and vat to be charged
This query is : Resolved
12 October 2009
In case of inseperation between goods and services, should both service tax and VAT be charged??
And if yes, then, wat should be charged 1st : service tax or VAT??
Or should both be charged on the amount of sales itself??
And if yes, then, wat should be charged 1st : service tax or VAT??
Or should both be charged on the amount of sales itself??
12 October 2009
IT DEPENDS UPON THE NATURE OF THE SERVICES PROVIDED , IN CASE SERVICE PROVIDER, IF THEY SEPARATELY SHOWS THE GOOD USED IN PROVIDING THE SERVICE IN THE INVOICE, THEY CHARGED THE VAT ON THE GOODS USED AND CHARGES THE SERVICE TAX ON THE LABOUR CHARGES SHOWN IN THE INVOICE.
12 October 2009
Agree with expert.
12 October 2009
In case of inseperation of goods and services you have to charge VAT and Service tax. Further, the VAT is charged on assessable value and also service tax on the same amount.example assessable value is 100. then VAT is charged on Rs 100 at the applicable rate and service tax also on Rs 100.
12 October 2009
It would not be justified to impose double tax on same amount. Service provider must be knowing the value of service as well goods. However, if he/she doesn't then it can be seperated on reasonable basis and both the tax should be imposed accordingly.
13 October 2009
Vat on sale of material to be charge
service tax on part of service amount.
if both are club not seperet the both will be calculate on assessable value.
service tax on part of service amount.
if both are club not seperet the both will be calculate on assessable value.
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