Nedd help on service tax & vat
This query is : Resolved
11 December 2012
Dear Freinds,
I have a invoice in which the supplier has charged service tax on entire amt @ 12.36% & Vat is also charged & 8% on the same (net) amount. I wish to knwo is it the right procedure? Example: Net Amount Rs 19700 Service Tax @ 12.36% 2435 8% MVAT (OUTPUT) 1576
I have a invoice in which the supplier has charged service tax on entire amt @ 12.36% & Vat is also charged & 8% on the same (net) amount. I wish to knwo is it the right procedure? Example: Net Amount Rs 19700 Service Tax @ 12.36% 2435 8% MVAT (OUTPUT) 1576
11 December 2012
What is service provided by him??
12 December 2012
Sir the Service Tax Charged on Labour & Vat is charged on Material as we have issued a Purchase Order for Works Contract.
12 December 2012
You have to pay service tax only on service portion and VAT is payable on the amount of material supplied
12 December 2012
Vat is rightly charged on the invoice but service tax would be charged @12.36% on 60% of total gross amount charged.
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