Tax planning
This query is : Resolved
Nikhilkumar Bakliwal
(Querist)
22 March 2015
We are into a manufacturing business and we also supply and apply our goods and services.. What is the best tax module we should opt for..?
1. Charging VAT and Service Tax separately
OR
2. Going for composite taxation
If there is any other way for tax planning, please help..
CMA Ramesh Krishnan
(Expert)
22 March 2015
It depends on your value of goods manufacturing and service value, but composition scheme available for those dealer who not able to segregate the materials and service portion on their bills, which is combined bills. if the material and service can be identified separately then you can opt only normal scheme
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