service tax and VAT OR COT in contractor bills
This query is : Resolved
01 August 2010
NAMASTE,
HOW TO CHARGE SERVICE TAX AND KVAT/COT AND SERVICE TAX IN WORKS CONTRACTS.
SUPPOSE I AM A ELECTRICAL CONTRACTOR AND I AM CHARGING RS 10000/-HOW TO CHARGES VAT AND SERVICE TAX ON ABOVE THIS AMOUNT AND WHAT IS THE RATE OF SERVICE TAX AND WHAT WILL BE THE BILL VALUE.
please brief me with an example for the billing proceedure of service tax and VAT/COT in karnataka
HOW TO CHARGE SERVICE TAX AND KVAT/COT AND SERVICE TAX IN WORKS CONTRACTS.
SUPPOSE I AM A ELECTRICAL CONTRACTOR AND I AM CHARGING RS 10000/-HOW TO CHARGES VAT AND SERVICE TAX ON ABOVE THIS AMOUNT AND WHAT IS THE RATE OF SERVICE TAX AND WHAT WILL BE THE BILL VALUE.
please brief me with an example for the billing proceedure of service tax and VAT/COT in karnataka
01 August 2010
Tax need to calculate based on your scheme, if you can segregate the service portion and materials portion you can pay vat on materials and pay service tax on service portion,
if you are go for composite scheme you need to pay concession rate of ST and VAT on total contract value
if you are go for composite scheme you need to pay concession rate of ST and VAT on total contract value
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
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
