Service tax ratio
This query is : Resolved
12 October 2014
we are providing design service like wedding card and sale so I want know which ratio I will charge service and sale to client please guide me
13 October 2014
Yes, the service which you are providing i.e, designing of a wedding card attracts service tax. My understanding is that you are selling wedding cards as well.
You can decide to split the service and sale of wedding cards separately basing on your purchase cost, sale cost, design cost etc.
There is no specific percentage you can apply to decide the cost for service tax as well as for sales.
You may provide separate invoices or bifurcation in the invoice to avoid difficulties with Sales tax and service tax authorities.
Otherwise, depending on your experience, you can decide the percentage of sales and service and you may provide one invoice for entire thing.
You can decide to split the service and sale of wedding cards separately basing on your purchase cost, sale cost, design cost etc.
There is no specific percentage you can apply to decide the cost for service tax as well as for sales.
You may provide separate invoices or bifurcation in the invoice to avoid difficulties with Sales tax and service tax authorities.
Otherwise, depending on your experience, you can decide the percentage of sales and service and you may provide one invoice for entire thing.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
