Dear Sirs,
We all know that in case of restaurants both VAT and Service Tax are levied in some cases.
My question is this: Suppose, we buy a food item of Rs.500 at a restaurant. The bill given is like this:
Rs.500 (Basic amount) + 15% VAT on full basic amount of Rs.500 + 6% Service tax on full basic amount of Rs.500
I think, this is the case of double taxation on the SAME amount of Rs.500/-
In my opinion, VAT should be charged on 60% amount (500 * 60% = 300) and Service tax should be charged on 40% amount (500 * 40% = 200).
I have query regarding text file creation in new MVAT return template. In my case return is prepared successfully and massage appears as "text file created on your desktop" .....but no such file is visible on desktop. Can any one tell me what is the main issue and how to resolve it.. Thanks in advance
A partnership firm has 2 partners with A and B as partners. A died on 26/08/16.
How do i file the vat return for second quarter of 2016-17?
What about the transaction after the death ?how do I file the return for the period after death?
What procedure is to be followed ?
Please let me know about the due dates of payments and return filing of all the states in india in VAT.
hello sir/mam
my friend is a businessman and he is facing some problem. he problem is that in forth quarter 2015-16 he sold some items under tax invoice but forgot to issue the bill now second party asking for bill their vat return also has been filled so suggest me that may he issue bill in second quarter 2016-17 for those amount or not
please suggest me what should he do
Is sale Tax is applicable on sale of vehicle on loss?
sir/madam, Rubber buisness me purchase k upar tax hota he, so agar 100 rs k purchase me 5% tax de to , wohi agar sale k time 95rs me beche to tax me humara nuksaan hota he ya nh, aur agar jada rate me beche to humara tax k upar profit aata he ya nh, par mujhe jitna pata he tax k upar koi profit loss nh hota, .... please clear karde, thnx
DEAR SIR
IMPORT GOODS OUT OF COUNTRY FIRM NAME AND USE OF GOODS PERSONAL HOUSE VAT TAX LIABILITY KYA HOGI
sir i want to know kvat schedule v in detail
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Can vat and service tax be levied on the same amount?