VAT on service tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2010
can anybody give clear picture on VAT on SERVICE TAX as follow:
one of our customer
AMC of firewel charges:10000
add:service tax@10.30%
i,e, 11030
again charge VAT under AP @4% on 11030
Is it correct procedure?
If yes than under which rule it is ok, or say 'wrong' which section will be attarch for this
ITs most urgent
one of our customer
AMC of firewel charges:10000
add:service tax@10.30%
i,e, 11030
again charge VAT under AP @4% on 11030
Is it correct procedure?
If yes than under which rule it is ok, or say 'wrong' which section will be attarch for this
ITs most urgent
17 August 2010
yes this is the correct procedure.
I believe the invoice is being raised by a dealer under composition scheme wherein a concessional rate of 4% is applied on total contract receipts (inlcuding service tax) before charging VAT.
Hope this clarifies your concerns.
I believe the invoice is being raised by a dealer under composition scheme wherein a concessional rate of 4% is applied on total contract receipts (inlcuding service tax) before charging VAT.
Hope this clarifies your concerns.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2010
its good information but under which composition scheme follow-up please provide the same.
Thanks for getting information.
Regards,
Thanks for getting information.
Regards,
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