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Vat

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(Querist)
21 November 2011 How I have to calculate Vat on the electronic items if i have to include the cost of installation, for example:
If the total goods are for Rs 50,000
the installation charges are 2,000
on which cost the VAT is applicable
on 50,000 or on 52,000
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
21 November 2011 To pay on Total Billing.
52000.
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CA. RENZ .V. RAJAN

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CA. RENZ .V. RAJAN (Expert)
22 November 2011 vat is paid on final amount i.e, net amount of billing

52000
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
24 November 2011 Mr. Asim Hussain,
It depends on how you raise the bill.If you club the two amounts i.e.the cost Rs50,000/- and installation charges Rs2000/- together then you then you have pay tax on the entire sum of Rs52000/-.You can seperately show installation in the bill and charge VAT on the cost Rs50000 only.....MJK
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
24 November 2011 Mr. Asim Hussain,
It depends on how you raise the bill.If you club the two amounts i.e.the cost Rs50,000/- and installation charges Rs2000/- together then you then you have pay tax on the entire sum of Rs52000/-.You can seperately show installation in the bill and charge VAT on the cost Rs50000 only.....MJK
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