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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
