Service tax? or Vat? or Both? if How?
This query is : Resolved
18 July 2008
Dear Friends,
My Client is a Software Seller, they buy and sell softwares to colleges and institutions, now their suppliers started charging service tax as well as vat?
how should we charge our customers,
Method 1
Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
or Method 2
Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
or Method 3
Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%on(XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ) = $$$
or Method 3
Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%
on(XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
Please Help Me in This Case Many Suppliers Charges in Different Methods Method is been observed in many suppliers Invoices Which is Correct Method For Calculation
My Client is a Software Seller, they buy and sell softwares to colleges and institutions, now their suppliers started charging service tax as well as vat?
how should we charge our customers,
Method 1
Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
or Method 2
Price = XXX
Service tax @12.36%
on XXXX = YYY
Vat on (XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
or Method 3
Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%on(XXX) = ZZZ
Bill Amount(XXX+YYY+ZZZ) = $$$
or Method 3
Price = XXX
Vat @ 4%on (XXX) = YYY
Service Tax @12.36%
on(XXX+YYY) = ZZZ
Bill Amount(XXX+YYY+ZZZ)= $$$
Please Help Me in This Case Many Suppliers Charges in Different Methods Method is been observed in many suppliers Invoices Which is Correct Method For Calculation
15 September 2008
Sir,
I am afraid. Selling of software certainly attract VAT, but whether service tax is applicable on sales of softwares.
I am afraid. Selling of software certainly attract VAT, but whether service tax is applicable on sales of softwares.
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