We are purchasing software subscription which are taxed with Service Tax. Since we do not have the service tax registration and we have only Karnataka VAT registration, how would we account service tax purchases and where to show in VAT return.
And we also sell those service taxed products.
Please let us know hot account these transactions under Karnataka VAT.
25 June 2014
Since, there is no input VAT in the Tax invoice, the supplier of the said goods must be a unregistered dealer under KVAT Act. If it is so, then you can show the same under purchase from URD.
CAclubindia
