Calculation of Tax on Tax
This query is : Open
19 October 2010
Dear Sir,
seeking your advise on the below:
we are in hotel industry. We are registered under AP VAT and Service Tax (Mandap Keepers). On Banquet Billing we need to charge VAT and Service Tax also. with regard to this we are seeking your advise on the below:
1) Do we need to calculate Service Tax on VAT also ? and
2) Do we need to calculate VAT on Service Tax?
seeking your advise on the below:
we are in hotel industry. We are registered under AP VAT and Service Tax (Mandap Keepers). On Banquet Billing we need to charge VAT and Service Tax also. with regard to this we are seeking your advise on the below:
1) Do we need to calculate Service Tax on VAT also ? and
2) Do we need to calculate VAT on Service Tax?
19 October 2010
1. YES YOU HAVE TO CALCULATE SERVICE TAX ON WHATEVER AMOUNT YOU RECIVED INCLUDING VAT.
2. NO YOU NEED NOT TO CALCULATE VAT ON SERVICE TAX.
2. NO YOU NEED NOT TO CALCULATE VAT ON SERVICE TAX.
19 October 2010
Service tax will be calculated on bill amount inclusive of VAT.
20 October 2010
Dear Sir,
Thank you for revert and please update us under which section/provision/clause the Service Tax to calculate on VAT also.
regards
Laxminarayana
9908674443
Thank you for revert and please update us under which section/provision/clause the Service Tax to calculate on VAT also.
regards
Laxminarayana
9908674443
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