Vat Calculation
This query is : Resolved
O. Mahalakshmi
(Querist)
21 January 2009
Sir,
We are issuing invoice for Vat Tax and Service Tax items and also calculating the Vat Tax for both items. But should we pay service tax separately for the same item? Should we pay even though we paid vat Tax?
We are issuing invoice for Vat Tax and Service Tax items and also calculating the Vat Tax for both items. But should we pay service tax separately for the same item? Should we pay even though we paid vat Tax?
CA Hemant T Dewani
(Expert)
21 January 2009
you are given both services to the client you will bifurcate same in your invoice regarding material consumed & services given to the clients so both taxes are bifurcated & not clubbed each others
in Tyre remolding cases material are used & services are also given so they are bifurcated the both items in there invoice & paid vat on material consumed & service tax is paid on services given
in Tyre remolding cases material are used & services are also given so they are bifurcated the both items in there invoice & paid vat on material consumed & service tax is paid on services given
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