We are registered manufacturer and output srvice provider and regularly claim set off on VAT amount and credit on service tax charged by service providers. Currently we have engaged an interior designer cum contractor for desig, supply and installation of office interiors at our new office premises. My quieries under
1. Can we claim set of on 12.5% VAT he would be charging on 67% of total contact value?
2. Can we claim credit on 10.3% service tax he would be charging on 335 of total contact value?
3. What percentage of the total amount of entire contact value we can deduct as TDS?
4. Is it OK if a vendor gives a single bill wherein he charges vat of 12.5% on basic contact value and service taxof 10.3% on 33% of basic contact value?
CAclubindia
