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Vat applicable

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(Querist)
20 July 2015 dear expert,

kindly resolve

we have taken AMC for UPS-The company is charging 5% vat on 60,000/- i.e 3000/- of AMC and Service tax @ 14 % on 70% basic of 60,000/- please explian how he will charge both vat& service tax on AMC

Ramana Rao Poruri
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CA John Abraham Austin ACA

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CA John Abraham Austin ACA (Expert)
20 July 2015 AMC is basically a Works Contract. That is, it contains both service and goods.
So, both Service Tax and VAT is applicable.

The supplier is correct.

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