Is st wrongly charged??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 June 2014
Hello fnds,
yesterday i visited an AC restraunt.
we ordered food worth rs 1560 from the menu.
when i received the bill they were charging;
14.5% VAT on 1560 plus
10.3% ST on 1560.
is is right????
how can 1560 be both service and supply of food component???
WHAT SHOULD HAVE BEEN THE RIGHT WAY OF COMPUTING IT.
thanks for answering!!
yesterday i visited an AC restraunt.
we ordered food worth rs 1560 from the menu.
when i received the bill they were charging;
14.5% VAT on 1560 plus
10.3% ST on 1560.
is is right????
how can 1560 be both service and supply of food component???
WHAT SHOULD HAVE BEEN THE RIGHT WAY OF COMPUTING IT.
thanks for answering!!
CA.Sourabh Sethia
(Expert)
23 June 2014
if your total food bill & service charge
is Rs.1560/-
then it is as follows
Bill Amt Rs.1560/-
VAT
(1560 X 14.5%) Rs. 226/-
Service Tax
(1560 X 40% X 12.36%) Rs. 77/-
Total Rs.1857/-
is Rs.1560/-
then it is as follows
Bill Amt Rs.1560/-
VAT
(1560 X 14.5%) Rs. 226/-
Service Tax
(1560 X 40% X 12.36%) Rs. 77/-
Total Rs.1857/-
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