Service tax on amc

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Suman (Querist)
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29 July 2015 As per ST notification service tax should be charged 70% of net value of service value,
Kindly someone please clear that 30% of the service value would be charged for VAT or service payable by service provide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 July 2015 30% value is abatement given for material consumed in the amc. No service tax payable on this by either SP or SR.

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Suman

Suman (Querist)
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29 July 2015 So, Sir

it means i should raised the invoice

Service value + service tax@14% of 70% of basic value (i.e.service value)

Suman

Suman (Querist)
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30 July 2015 Please somebody clear my duobt....

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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30 July 2015 yes u r right simran.. raise the invoice like service value plus service tax(70% of Service value* 14%)

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Suman

Suman (Querist)
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30 July 2015
Thank u so much sir for your kind response.

Suman

Suman (Querist)
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30 July 2015
Thank u so much sir for your kind response.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2015 You are right raise the invoice as proposed.

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