6 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178007 Points)
Replied 09 August 2016
Only Service tax when without material, but with VAT when any cost of part/s included in the bill.
Both going to get submerged in GST
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178007 Points)
Replied 09 August 2016
VAT is state subject, also depends upon material catagories.
Service tax @ 15% including cess, when segregated values applied.
But under composite value service tax is taken as 70% of the total amount.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178007 Points)
Replied 09 August 2016
Its the service tax charged over the aggregate bill amount of labour charge along with replaced spares. In this case service portion is taken as 70% of the bill amount.
Recent Topics
- Taxability of income in USA of resident oci holder
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
- Expire stock
- INCOME TAX AY 25-26
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
Related Threads
CAclubindia
