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Vat and st on amc

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(Querist)
01 August 2014 Hello ,

What is the Implications of VAT and ST on AMC order value . on what value VAT is applicable and ST . what are % of abatement on VAT and ST. awaiting for reply its urgent.
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CA.UMESH G DADDIMANI

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CA.UMESH G DADDIMANI (Querist)
01 August 2014 as per KVAT state rule 3(2) ,
75 % of order value is liable for Vat(14.5%) and 70% of Order value liable for ST . is it not double taxation ?? total tax 145% ???
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 it is under the vat and st act you have to pay tax . it is double or triple you have tot follows the act.
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