Composite scheme
This query is : Resolved
28 December 2012
Dear Sir,
we gave works related to boiler to the service provider he supplied some materials also he charged total 480000 as gross amount and he charged service tax under composite scheme @4.944%(223731) and VAT charged 5% on (480000+223731)
is it correct whether vat is to be charged even under composite scheme
we gave works related to boiler to the service provider he supplied some materials also he charged total 480000 as gross amount and he charged service tax under composite scheme @4.944%(223731) and VAT charged 5% on (480000+223731)
is it correct whether vat is to be charged even under composite scheme
08 January 2013
Service tax and Vat are separate statutes and hence vat could be charged even if you are opting composition scheme under service tax.
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