Billing of a.c. restaurant under maharashtra

Dipak Sonawane (Articled Assitant) (114 Points)

12 April 2016  

Dear Expert,

I wanted to confirm from the below mention two system of billing which on is correct. The dealer is restaurant & he has opted for composition scheme. MVAT Rate is applicable to him is 5%.  

SYSTEM 1:

Particulars

Amt

1. Food Bill (Inclusive of VAT 5%)

1050.00

2. Service Charge

100.00

3. Gross Bill Amt

1150.00

4. Service Tax (5.8%)

63.80

5. Round off

00.20

6. Total of Bill (3+4+5)

1214.00

 

*Taxable value for service tax = (1050 X 100/ 105)+ 100 = 1100

 

SYSTEM 2:

Particulars

Amt

1. Food  Bill (Inclusive of VAT 5%)

1050.00

2. Service Charge

100.00

3. Gross Bill Amt

1150.00

4. Service Tax (5.8%)

66.70

5. Round off

00.30

6. Total of Bill (3+4+5)

1217.00

 

*Taxable value for service tax = 1050+ 100 = 1150

Thanks.