Service tax on vat
This query is : Resolved
17 August 2009
SIR I WOULD LIKE TO KNOW REGARDING AS-16 IS BORROWING COST APPLICABLE ON INVESTMENT?
IT MEANS IF I HAVE A BUILDING IN INVESTMENT SCHEDULE THAN CAN I APPLY AS-16? AND CAN I INCLUDE INTEREST ON LOAN AMOUNT IN THE INVESTMENT SCHEDULE?
pls sir reply as soon as possible
IT MEANS IF I HAVE A BUILDING IN INVESTMENT SCHEDULE THAN CAN I APPLY AS-16? AND CAN I INCLUDE INTEREST ON LOAN AMOUNT IN THE INVESTMENT SCHEDULE?
pls sir reply as soon as possible
Jinesh Shah
(Querist)
17 August 2009
Is the Vat Liable on Service tax ...?
In Invoce we charge Vat as below
Amount 10,000
Excise 800
Edu.cess 16
H.Edu cess 8
Fright 500
2.5 % service
tax 13
2% edu cess 0.26
Vat @ 4% (?)
here is vat should be on amount11337.26 ...?
i.e is vat leavyable on service tax ....?
In Invoce we charge Vat as below
Amount 10,000
Excise 800
Edu.cess 16
H.Edu cess 8
Fright 500
2.5 % service
tax 13
2% edu cess 0.26
Vat @ 4% (?)
here is vat should be on amount11337.26 ...?
i.e is vat leavyable on service tax ....?
CA. Amit Daga
(Expert)
18 August 2009
no in case of investment u cant
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