16 March 2011
As per our company's nature of works,we are installing machine at customer place. Is there vat is Applicable? at what rate? If under works contract,then what is the tax structure?
At present,we are making invoice with words machinery rental charges and charging the service tax @ 10.3% on total value.
16 March 2011
Thanks for reply. But some doubts is there. We are installing the Printing & photocopying machine at customer place.At the every month end, we are taking the reading from machine and making the invoice for no. of copies printed or photocoying done.
CAclubindia
