Hai, Happy New Year 2013 to All.
I have one query that, is it in India any product can be taxed at a time two types of Tax?
Ex :- Product Value is 1000/- vat at 5% and service Tax 12.36%, the total value after this Rs. 1173.6/-
manoj (final) (49 Points)
01 January 2013Hai, Happy New Year 2013 to All.
I have one query that, is it in India any product can be taxed at a time two types of Tax?
Ex :- Product Value is 1000/- vat at 5% and service Tax 12.36%, the total value after this Rs. 1173.6/-
Sonu Kumar
(Account Manager)
(665 Points)
Replied 05 January 2013
Dear Mr Manoj,
Vat and Service Tax is Mutually Exclusive..... if Vat will be Charged on 1000/- then no need to Charge Service Tax on Same Product.
Thanks
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