invoice amount
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 January 2011
A construction company purchase a product on C form for Rs. 100000/- and sales in its state (on which 5% VAT apply) for Rs. 200000/- (in sales Amt.Rs. 40000/- is expense as transporting by company vehicle to sales location.
now I want to know do that co. can raised two different invoice
1) Rs. 160000 for product (on which no ITC and Rs. 8000/- would be payable
2) Rs. 40,000/- transporting charges by co. vehicle count as service (service tax relates)
guide me
now I want to know do that co. can raised two different invoice
1) Rs. 160000 for product (on which no ITC and Rs. 8000/- would be payable
2) Rs. 40,000/- transporting charges by co. vehicle count as service (service tax relates)
guide me
26 January 2011
1. You have to pay 5% VAT on RS. 160000.
2. SErvice tax is not applicable on transport by own vehicle.
2. SErvice tax is not applicable on transport by own vehicle.
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
