while calculating Service Tax the total income includes VAT????
5 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 28 December 2010
vat and service tax are two different things, however some venues cascade vat and service tax, please mention the service / commodity specifically to discuss the facts clearly.
CA Chirag Haraniya
(Chartered Accountant)
(902 Points)
Replied 28 December 2010
Service tax is tax on Services so materials and tax on that should be excluded but In case of CAMC it includes VAT on products supplied with AMC (as it is contract of AMC inculsive of materials supplies of any deffect)......
vardan sharma
(Company secretary)
(160 Points)
Replied 28 December 2010
yes agreed Mr sharma
while asking any querry the thread starter must be specific, bcoz there exist lots of provisos and exceptions in the law.
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