Rohit (-) (89 Points)
10 January 2014Hello friends,
Please tell me about DVAT applicability on Catering Services. On which amount should VAT be charged, i.e. including or excluding Service Tax?
For example, if total catering amount = Rs. 1,000,
then how and at what rate DVAT and ST should calculated?
Shruthi
(Article Assistent)
(336 Points)
Replied 10 January 2014
Vat is calculated on amount excluding service tax.
In your example:
Total Catering Amount is 1000
Service tax: 1000*12.36%= 123.6
VAT(say @ 5%)1000*5%= 50
So the total bill amount is (1000+123.6+50) Rs.1,173.60
Rohit
(-)
(89 Points)
Replied 10 January 2014
Hi Shruti,
Thanks for your help!
What is the DVAT Rate applicable in this case?
CAclubindia
