sharad ( ) (157 Points)
11 January 2012An advertising agency provides services of establishing roadside hoardings.As an advertiser he provides services but he indulges himself in buying matterials for construction of respactive hoardings as well which makes him credible for cenvat credit n some part of his income as chargeable under vat as well.how should his income turnover be bifurcated towards Service Tax as well as vat!
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 11 January 2012
You can claim 12/2003. ie. value of goods subjected vat may be excluded. But Kerala High court in Zodiac Advertisers held that entire amount is liable to service tax.
rahul
(FINAL)
(21 Points)
Replied 15 April 2012
| Originally posted by : CA Unnikrishnan Nair N | ||
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You can claim 12/2003. ie. value of goods subjected vat may be excluded. But Kerala High court in Zodiac Advertisers held that entire amount is liable to service tax. |
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Sir can you please clarify that if we are claiming 12/2003,then on what amount do we have to pay the VAT?
Is it the total composite bill amount or the amount of value of materials used because there is no specific provision in state vat act regarding advertising services?Our client is from delhi and makes sign boards and banners on customer's request?
I would be highly obliged in case you put some light on this matter..
Regards
Rahul
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