Service tax on amc
This query is : Resolved
29 July 2015
As per ST notification service tax should be charged 70% of net value of service value,
Kindly someone please clear that 30% of the service value would be charged for VAT or service payable by service provide.
Kindly someone please clear that 30% of the service value would be charged for VAT or service payable by service provide.
29 July 2015
30% value is abatement given for material consumed in the amc. No service tax payable on this by either SP or SR.
Message likes :
1 times
29 July 2015
So, Sir
it means i should raised the invoice
Service value + service tax@14% of 70% of basic value (i.e.service value)
it means i should raised the invoice
Service value + service tax@14% of 70% of basic value (i.e.service value)
30 July 2015
yes u r right simran.. raise the invoice like service value plus service tax(70% of Service value* 14%)
Message likes :
1 times
30 July 2015
You are right raise the invoice as proposed.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query reg: Accounting standard, Indian Accounting Standard, IFRS, GAAP, Cost Audit, Frontend audit
- GST Refund SB005 Error
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
