Default percentage for vat & service tax involved bill
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2016
Dear Expert,
i am confused how segregate OR to differentiate where sales & service Both the element is involved & my client do not know in what percentage the sales & services are involved in the service rendered to him.
pls help me.
i am confused how segregate OR to differentiate where sales & service Both the element is involved & my client do not know in what percentage the sales & services are involved in the service rendered to him.
pls help me.
KAVIRAJA ADDANGADI
(Expert)
25 February 2016
In such case each state has rule for % VAT as per Vat rule, % Service Tax as per ST Rules,
You have to collect 70% Vat 40% ST on the bill.
You have to collect 70% Vat 40% ST on the bill.
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