Vat applicable
This query is : Resolved
20 July 2015
dear expert,
kindly resolve
we have taken AMC for UPS-The company is charging 5% vat on 60,000/- i.e 3000/- of AMC and Service tax @ 14 % on 70% basic of 60,000/- please explian how he will charge both vat& service tax on AMC
Ramana Rao Poruri
kindly resolve
we have taken AMC for UPS-The company is charging 5% vat on 60,000/- i.e 3000/- of AMC and Service tax @ 14 % on 70% basic of 60,000/- please explian how he will charge both vat& service tax on AMC
Ramana Rao Poruri
20 July 2015
AMC is basically a Works Contract. That is, it contains both service and goods.
So, both Service Tax and VAT is applicable.
The supplier is correct.
So, both Service Tax and VAT is applicable.
The supplier is correct.
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