we are an advetising agency and doing the printing job. We also me steel standees, Brouchers for some clients. We also under take job typing, logo desinging, typesetting. The problem is how to tax vat and service tax. For ex when we produce the broucher it includes the logo designing, typesetting, formatting and finnaly printing. Some of these also comes under service tax rule and some under vat. Also in vat there is an intangeble goods is added. Kinly suggest me the clear idea, that how i have to bill with out any problem in Vat dept and Ser tax Dept. Tks
14 February 2013
You may work out a fair sale price for the goods involved and make a separate sales invoice purely for sale of goods and charge VAT on these invoice and other invoice for job charges on which you can charge pure service tax. If you cannot bifurcate the values you shall have to opt for works contract.
CAclubindia
