whether service tax & VAT both can be charged on same product or thing?
Ca Priyanka mehta (CHARTERED ACCOUNTANT) (67 Points)
20 July 2013whether service tax & VAT both can be charged on same product or thing?
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 20 July 2013
Yes, Priyanka. If you examine restaurant bills the providers charge VAT @ 13.5% or 14.5% on basic value and service tax @ 4.94% being 40% using abatement rate.
Thanks,
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