Service tax and MVAT on software
This query is : Resolved
19 January 2010
Dear Experts,
Please let me inform about account treatment of an invoice contains both MVAT & Service tax. And please advice me how to treat the same in MVAT Return.
Thanks & Warm Regards,
Prabhu
Please let me inform me on email ID Prabhunath_sharma@yahoo.com
Please let me inform about account treatment of an invoice contains both MVAT & Service tax. And please advice me how to treat the same in MVAT Return.
Thanks & Warm Regards,
Prabhu
Please let me inform me on email ID Prabhunath_sharma@yahoo.com
20 January 2010
Service tax will be levied only on the service charges portion of the invoice. Similarly VAT will be charged only on the goods portion of the invoice. So take Dr the Service tax and VAT set off receivable accounts by respective tax amount.
In the VAT return you have to show the amount on which VAT is charged as your purchases. And amount including service tax under the head expenses/ther allowable deductions.
Regards
In the VAT return you have to show the amount on which VAT is charged as your purchases. And amount including service tax under the head expenses/ther allowable deductions.
Regards
Message likes :
1 times
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
