Service tax ratio
This query is : Resolved
12 October 2014
we are providing design service like wedding card and sale so I want know which ratio I will charge service and sale to client please guide me
13 October 2014
Yes, the service which you are providing i.e, designing of a wedding card attracts service tax. My understanding is that you are selling wedding cards as well.
You can decide to split the service and sale of wedding cards separately basing on your purchase cost, sale cost, design cost etc.
There is no specific percentage you can apply to decide the cost for service tax as well as for sales.
You may provide separate invoices or bifurcation in the invoice to avoid difficulties with Sales tax and service tax authorities.
Otherwise, depending on your experience, you can decide the percentage of sales and service and you may provide one invoice for entire thing.
You can decide to split the service and sale of wedding cards separately basing on your purchase cost, sale cost, design cost etc.
There is no specific percentage you can apply to decide the cost for service tax as well as for sales.
You may provide separate invoices or bifurcation in the invoice to avoid difficulties with Sales tax and service tax authorities.
Otherwise, depending on your experience, you can decide the percentage of sales and service and you may provide one invoice for entire thing.
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
- 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
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
