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.
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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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)
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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30 July 2015
You are right raise the invoice as proposed.
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