Electrical goods supply and installation
This query is : Resolved
27 November 2015
Dear Expert
what is tax rate of Service tax and Assam Vat rate applicable in case electrical installation service and supply both we (company ) have received .
I have found one vendor has charge both Service tax @14.5 % and vat 5% both on transaction value(Same value).
I think it is double taxation, and Service tax and Vat can not be charge on same value.
please let me know with reference of section/ notification of service tax and Assam Vat Act
Your reply will be appreciable.
regards
prem
what is tax rate of Service tax and Assam Vat rate applicable in case electrical installation service and supply both we (company ) have received .
I have found one vendor has charge both Service tax @14.5 % and vat 5% both on transaction value(Same value).
I think it is double taxation, and Service tax and Vat can not be charge on same value.
please let me know with reference of section/ notification of service tax and Assam Vat Act
Your reply will be appreciable.
regards
prem
28 November 2015
5% works contract vat leviable on both supply and installation service(under composition scheme). 14.5% service tax payable on service portion excluding material value.
Check material value not included for service tax calculation.
Check material value not included for service tax calculation.
28 November 2015
Dear Sitaraman
supplier unable to segregate material and service separately.
And 5% Compostie vat rate, is it Assam Vat ?
supplier unable to segregate material and service separately.
And 5% Compostie vat rate, is it Assam Vat ?
29 November 2015
Yes it is Assam VAT. Service tax payable on 40% value only.
29 November 2015
Yes it is Assam VAT. Service tax payable on 40% value only.
29 November 2015
in this case ,Reverse charge is also applicable.
30 November 2015
If your vendor is individual or firm reverse charge applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
