One of my client has taken an AMC for upkeeping the equipment in proper working usage under a indivisible contract agreement. Whether Service tax shall be levied on total value of AMC and then VAT shall be levied thereon? Kindly respond.
1 Replies
CA Suraj Lakhotia
(IndigoLearn)
(4898 Points)
Replied 12 June 2013
If the AMC involves provision of services and materials , i.e a works contract,
He has two options -
Seggregate Material and Labor and charge VAT on material and Service tax on Labor.
Avail composition scheme and charge VAT/Service tax on entire amount at Composite rates.
VAT is not charged on service tax component.
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