Wct applicability
This query is : Open
18 June 2012
currently we are getting canteen facility from one of the canteen service provider. he is charging service tax and vat on bill amount. so pls. advice me is works contract tax provision applicable to him? if yes then by which rate?
19 June 2012
Canteen service providers are under a composition scheme where they are required to charge a specific % of VAT.
In Maharashtra it is 5%.
Vat is applicable on the element of service tax as well.
Post 1st July it will be on net value.
In Maharashtra it is 5%.
Vat is applicable on the element of service tax as well.
Post 1st July it will be on net value.
19 June 2012
Thanks.
currently he is charging vat at 12.5% on 50% of Invoice Value not on full value (Invoice Value + service tax).. is it right?
currently he is charging vat at 12.5% on 50% of Invoice Value not on full value (Invoice Value + service tax).. is it right?
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