21 August 2008
Vendor is charging 8%VAT on the whole bill for construction of foundation for telcom tower in Maharshtra. He is also charging Service tax on 33% of the bill value.
Is it correct beacause on 33% percent of the bill value both VAT and Service tax is being charged.
17 September 2008
Tax on WC is applicable on the value of goods (to be calculated in a specific way- as prescribed under the ACt and Rule). Unless and otherwise the dealer (contractor)VAT should not be charged on the whole amount of WC.
CAclubindia
