TAXABILITY UNDER SERVICE TAX AND M VAT
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2010
I am regd.electrical contractor for PSU.
I render services of some mechanical and electrical services as maintenance of petrol pums of BPCL Co. I have to carry spares about 0 to 200 k.m for this work. I am being paid Services & maintenance charges inclusive spares and transportation.No seperate tax are are levied / added as per agreement.
My estimated turnover for this year is expected of Rs. 12 lakh.
and I am registered under service Tax and M VAT.
HOW COULD BE MY TAXABILITY UNDER BOTH M VAT AND SERVICE TAX. AS SPARES OF NEGLIGBLE AMOUNT ( AS TRAVELLING & TRANSPORTATION )AND OTHER CHARGES ARE HIGHER AS I RENDER SERVICES FROM 0 TO 200 KMS ON SITE OF PETROL PUMP.
EXPRTS ARE
I render services of some mechanical and electrical services as maintenance of petrol pums of BPCL Co. I have to carry spares about 0 to 200 k.m for this work. I am being paid Services & maintenance charges inclusive spares and transportation.No seperate tax are are levied / added as per agreement.
My estimated turnover for this year is expected of Rs. 12 lakh.
and I am registered under service Tax and M VAT.
HOW COULD BE MY TAXABILITY UNDER BOTH M VAT AND SERVICE TAX. AS SPARES OF NEGLIGBLE AMOUNT ( AS TRAVELLING & TRANSPORTATION )AND OTHER CHARGES ARE HIGHER AS I RENDER SERVICES FROM 0 TO 200 KMS ON SITE OF PETROL PUMP.
EXPRTS ARE
14 October 2010
If as per service contract , you are providing services based on rate contract or AMC , you have to pay dervice tax on total billed amount. Since spares value is negligible, and you are also not making the bill seperatelly for spares , service tax is payable on total amount.
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
- Difference between Date of Payment and Date of Deduction?
- ITDS U/S.194T of Firm
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- EXPORT COMMERCIAL INVOICE HSN CODE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
