06 March 2008
one of my client xyz design(i) pvt ltd. deals in the interior design. They works as mgf. furniture such as workstation, table, chair & all these etc., They uses wood to mfg. this & also uses the labour. They raise invoice agst parties including vat 8%.(and they mentioned invoice as eg. providing & fixing tabel or workstation at client place) As the party is applicable for service tax ? Their turnover is above 40 lacs. can they should be raise their invoice including service tax as 12.3%? pls guide
07 March 2008
one of my client xyz design(i) pvt ltd. deals in the interior design. They works as mgf. furniture such as workstation, table, chair & all these etc., They uses wood to mfg. this & also uses the labour. They raise invoice agst parties including vat 8%.(and they mentioned invoice as eg. providing & fixing tabel or workstation at client place) As the party is applicable for service tax ? Their turnover is above 40 lacs. can they should be raise their invoice including service tax as 12.3%? pls guide
07 March 2008
TURNOVER OF RS. 40 LAKHS ATTRACTS SEC 44 AB- TAX AUDIT. IT HAS NO IMPLICATION FOR SERV. TAX. THE FACT THAT ONE CHARGES VAT SHOWS IT IS A CASE OF SALE . SERV. TAX DOES NOT ATTRACT WHERE A SALE INVOICE IS MADE AND VAT IS CHARGED. R.V.RAO
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