Service tax
This query is : Resolved
28 August 2012
As we are taking supply of toners & service for printers & total maintenance of printers from pvt ltd company.As per the agreement they are charging .50 paise for one print and they use to calculate the number of prints by multiplying with Rs.0.50 paise & the toner value is Rs.3062.The total calculation will be done (No. Of papers printed X .50 = TOTAL - NO.OF TONNERS SUPPLIED and remaining is the service like this they are calculating)
Upto July month they are charging sales tax on value of sales & service tax on Remaining value)but in the bill of august they are charging sales tax and service tax on the total amount which they has accrued.
Example = total print = 100,cost=.50 paise
=100*.50=50-(tonner supplied= sales)=service
Upto July month they are charging sales tax on value of sales & service tax on Remaining value)but in the bill of august they are charging sales tax and service tax on the total amount which they has accrued.
Example = total print = 100,cost=.50 paise
=100*.50=50-(tonner supplied= sales)=service
CA Nikhil Jhanwar
(Expert)
28 August 2012
It has to be checked whether they are charging service tax on full value of total amount on 60% of the total amount.
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