VAT on service tax
This query is : Resolved
22 September 2008
A company deals in computer and related parts. It also provides AMC and services to its clients. On AMC bills they charge 12.36 service tax on basic AMC amount. Thereafter should they levy VAT on basic and service tax amount. The company is not under composition scheme. What difference it will make if it was under that scheme
27 September 2008
In principal VAT is chargeable on the value of Materials which are transfered to the contractee through execution of WC. Hence VAT can not be levied on Service Tax.
However in case the delaer is under composite scheme and opted for a alternative method of calculating VAT liability and if the scheme is calculating VAT on the entire amount received or receivable, than VAT at prescribed rate can be charged on the entire amount.
Please mind it that the laws very from State to State.
However in case the delaer is under composite scheme and opted for a alternative method of calculating VAT liability and if the scheme is calculating VAT on the entire amount received or receivable, than VAT at prescribed rate can be charged on the entire amount.
Please mind it that the laws very from State to State.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
