Service tax and vat in same bill
Querist : Anonymous
how to do calculation of vat service tax and tds in bill
OPTION 1
gross value 500000
TDS 5000
VAT@4% on 30% value 6000
Service tax @14.5% on 70% value 50750
OPTION 2
gross value 500000
TDS 5000
VAT@4% on full value 20000
Service tax @14.5% on 70% value 50750
which option is correct?
whether vat is calculated on 30% value or on full value?
If you are in Cot 4% on Bill Value & 40% value calculate Service tax @14.5%
Querist : Anonymous
which option is correct?
Querist : Anonymous
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