Vat and st on amc
This query is : Resolved
CA.UMESH G DADDIMANI
(Querist)
01 August 2014
Hello ,
What is the Implications of VAT and ST on AMC order value . on what value VAT is applicable and ST . what are % of abatement on VAT and ST. awaiting for reply its urgent.
What is the Implications of VAT and ST on AMC order value . on what value VAT is applicable and ST . what are % of abatement on VAT and ST. awaiting for reply its urgent.
CA.UMESH G DADDIMANI
(Querist)
01 August 2014
as per KVAT state rule 3(2) ,
75 % of order value is liable for Vat(14.5%) and 70% of Order value liable for ST . is it not double taxation ?? total tax 145% ???
75 % of order value is liable for Vat(14.5%) and 70% of Order value liable for ST . is it not double taxation ?? total tax 145% ???
Rupesh Jain
(Expert)
02 August 2014
it is under the vat and st act you have to pay tax . it is double or triple you have tot follows the act.
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