Tax on furniture works
This query is : Resolved
15 January 2015
What is the tax on furniture works both VAt and service tax?
Some works vat were 8% and some 5%. And vat was calculated on base value plus service tax 12.36% of 70%. How to differenciate between these works?
15 January 2015
service tax on services and vat on sale consideration.
vat is diff-2 according to state.
vat is diff-2 according to state.
15 January 2015
In the case of furniture or interior decoration works,in Karnataka,it is 25% labour and 75% of material,i.e.VAT is payable on 75% of contract value. For ST no such specific abatement is given.It is better to take actual expenses and pay 12.36% on it.VAT on material is payable @14.5%.Input credit is available.Similarly for ST also input credit is available......mjk
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
