VAT and Service Tax
This query is : Resolved
30 May 2011
Hi
Company has engaged one agency as AMC and replacement of minor parts for AC.Agency had raised a bill as below,
AMC Charges - 28434
VAT @4% - 1137(28434*4%)
ST @10.3% - 2928 (28434*10.3%)
Total - 32500.
Whether Vat and service tax can be charged on the AMC amount without bifurcation of sale and service portion.
And if the company opted for composition scheme, does it possible to charge ST again on the same amount as stated above.
Thanks you .
Company has engaged one agency as AMC and replacement of minor parts for AC.Agency had raised a bill as below,
AMC Charges - 28434
VAT @4% - 1137(28434*4%)
ST @10.3% - 2928 (28434*10.3%)
Total - 32500.
Whether Vat and service tax can be charged on the AMC amount without bifurcation of sale and service portion.
And if the company opted for composition scheme, does it possible to charge ST again on the same amount as stated above.
Thanks you .
CMA Ramesh Krishnan
(Expert)
30 May 2011
yes. it is possible for both VAT & Service tax on AMC Charges, even they opted for composition scheme also both apply
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
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
