Service tax on amc
This query is : Resolved
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.
Kindly someone please clear that 30% of the service value would be charged for VAT or service payable by service provide.
CA R SEETHARAMAN
(Expert)
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.
Message likes :
1 times
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)
it means i should raised the invoice
Service value + service tax@14% of 70% of basic value (i.e.service value)
CA AnKiT BoHrA (AB)
(Expert)
30 July 2015
yes u r right simran.. raise the invoice like service value plus service tax(70% of Service value* 14%)
Message likes :
1 times
CA R SEETHARAMAN
(Expert)
30 July 2015
You are right raise the invoice as proposed.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
