Applicability of vat in case of amc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2011
sir, i have given a annual maintenance of escaltors (lifts) to a well known company. The amount has to paid in advance. In annual maintenance contract the contractor will carry out repair and also change the parts. But the contractor will not charge anything more than that.
they have raised the bill as follows
AMC contract charges 2000000
service tax @ 10.30% 206000
Punjab Vat @ 13.75% 275000
Total Amount Charged 2481000
It leads to double taxation. Plz suggest me with any circular. It will greatly helps me.
Thanx in advance
they have raised the bill as follows
AMC contract charges 2000000
service tax @ 10.30% 206000
Punjab Vat @ 13.75% 275000
Total Amount Charged 2481000
It leads to double taxation. Plz suggest me with any circular. It will greatly helps me.
Thanx in advance
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2011
plz sugget the treatment
13 August 2011
AMC is to be treated other than works contract. It may happen that you might be required to incur expenses and might not too. So you have to pay ST and VAT both
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