CHARGING SERVICE TAX ON BILLS OF CONTRACTS IN K VAT

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srinivas Ganesh Shet (Querist)
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09 July 2010 NAMASTE,

HOW TO CHARGE SERVICE TAX AND KVAT/COT AND SERVICE TAX IN WORKS CONTRACTS.

SUPPOSE I AM A ELECTRICAL CONTRACTOR AND I AM CHARGING RS 10000/-HOW TO CHARGES VAT AND SERVICE TAX ON ABOVE THIS AMOUNT AND WHAT IS THE RATE OF SERVICE TAX AND WHAT WILL BE THE BILL VALUE.

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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11 July 2010 Options available are:
Options for VAT: VAT on gross amount Less actual Labour; On gross amount less standard labour as specified ( say 25% as in Karnataka); On composition rate.
Optins for ST: On balance amount of value [ gross amount less value offerred for VAT); Composition rate of 4.12% or avail central excise credit on all material and pay ST on the gross amount.

srinivas Ganesh Shet

srinivas Ganesh Shet (Querist)
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21 July 2010 please brief me with an example for the billing proceedure of service tax and VAT/COT in karnataka

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