Nedd help on service tax & vat
This query is : Resolved
Vinayshankar Jha
(Querist)
11 December 2012
Dear Freinds,
I have a invoice in which the supplier has charged service tax on entire amt @ 12.36% & Vat is also charged & 8% on the same (net) amount. I wish to knwo is it the right procedure? Example: Net Amount Rs 19700 Service Tax @ 12.36% 2435 8% MVAT (OUTPUT) 1576
I have a invoice in which the supplier has charged service tax on entire amt @ 12.36% & Vat is also charged & 8% on the same (net) amount. I wish to knwo is it the right procedure? Example: Net Amount Rs 19700 Service Tax @ 12.36% 2435 8% MVAT (OUTPUT) 1576
CA CS Amit S. Kedia
(Expert)
11 December 2012
What is service provided by him??
Vinayshankar Jha
(Querist)
12 December 2012
Sir the Service Tax Charged on Labour & Vat is charged on Material as we have issued a Purchase Order for Works Contract.
daya shankar singh
(Expert)
12 December 2012
You have to pay service tax only on service portion and VAT is payable on the amount of material supplied
CA CS Amit S. Kedia
(Expert)
12 December 2012
Vat is rightly charged on the invoice but service tax would be charged @12.36% on 60% of total gross amount charged.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
