Service tax and vat

This query is : Resolved

DHAVAL (Querist)
Follow

03 August 2012 Hello,

One of my party has provide goods o Rs.5,00,000/- to govt. sector. Amount include charges of labour also.
Party is liable for service tax and VAT.
if they make one invoice of Rs.5,00,000/- then how to calculate service tax and VAT

Please help..........

RENGARAJ R.K

RENGARAJ R.K (Expert)
Follow

03 August 2012 For certain works contract services there is no service tax to Government on account of construction, erection etc.,. It is in the negative list.

So, unless you inform us the nature of the transactions (wct), service tax liability cannot be worked out.

Message likes : 1 times

aadish

aadish (Expert)
Follow

03 August 2012 Sir, his question is bit different, as per his question answer is u cannot charge both service tax and VAT on single bill of Rs. 500000, cz u dont have figure on which it will be calculated,if it falls in WCT then on whole amount S.Tax should be deducted, andnow comes ques. of govt. Plz see rengaraj ji comment.

Message likes : 1 times

aadish

aadish (Expert)
Follow

03 August 2012 Pleasure Dear, n i waaana correct myself s.tax deducted nhi charged.

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