Easy Office
Easy Office

Service tax & tn vat -reg

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 November 2012 Dear Sir/Madam,

One of our vendor have charged Service tax on 8.652% on 33%of base value and TN VAT 14.5% on 67% of base value of services i., AMC on Air Conditioners Services. When asked, he said there was an notification to charge on such basis.
Could you please confirm, it is right charging both Service Tax and TN VAT at the above mentioned proportion on the total value? If so, could you please share the notification or relevant rules indicating the same.I’m waiting for your valuable reply.
Profile Image

CA Sahil Singla..

Profile Image

CA Sahil Singla.. (Expert)
01 November 2012 I don't know about VAT. But under service Tax, AMC is subject to 12.36% service tax on 60% of Invoice
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
02 November 2012 Thank you for your reply. This AMC Subject to 12.36% on ST on 70% of the taxable value
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links