On what amount vat must be calculated?

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Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2013 Our firm is having a party to whom both service tax as well as Gujarat VAT is applicable. My query is on which amount VAT must be calculated? Amount after charging service tax or before service tax? Can anyone provide me with the actual provision related to it?

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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20 December 2013 This is a common matter to all vat laws.VAT is collected on the principal amount,after allowing trade discount,if any,including freight and packing,not insurance.See the definition of sale and sale price, in all Acts on VAT for reference....mjk

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