15 June 2009
what is the rate at which service tax will be payable on construction service where bill is composite for supply and service. and at what rate VAT ia payable and the amount on which VAT liability occure.
17 June 2009
Vat applicable as per local VAT laws- different for different sates. In Karnataka it is possible to pay 4% on the gorss amount under compisition without any input credits or for reguilar scheme on 70% @ 12.5% with input credit. ST is possible on composition basis @ 4.12% or regular scheme.
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