08 September 2012
Doing business in interior decorator. Supposed to collect service tax as well as VAT Tax in Maharashtra. 60 % material and 40 % service component. My question is that ( 1 ) Which tax ( ST or VAT ) is to be levied first ? ( ST or VAT ) ( 2 ) If ST first on service component then should one calculate VAT on Service Tax ? ( 3 ) Whether VAT tax is to be calculated on service component in Maharashtra ? i.e. on 40 %.
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