Service tax & tn vat -reg
This query is : Open
Querist : Anonymous
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.
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.
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
Querist : Anonymous
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
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