26 December 2012
Mr. dear, at first you rise the bill including vat on the material value after that add the service tax on the services value and collect the payment then deposit the vat & st before the due date.
28 December 2012
Mr Author, VAT is payable on the value of goods onsumed in the works contract or Goods value can be taken at 70% and service value at 40% of receipts. VAT @14% and ST @ 12.36%.If under composition it 4% or 5%(as per the state) and 4.8% for ST...MJK
CAclubindia
