Vat calculation when service tax is also chargeable
This query is : Resolved
20 March 2012
I am conducting a statutory Audit of an IT company wherein the sales is subject to Service Tax as well as VAT together. The bill amount cannot be bifurcated between goods and service. There is a single basic value on which VAT as well as Service Tax is applicable.
My Query is that whether VAT should be chargeable only on the (Basic Value)
or
Should it be chargeable on
(Basic Value+Service Tax)?
My Query is that whether VAT should be chargeable only on the (Basic Value)
or
Should it be chargeable on
(Basic Value+Service Tax)?
20 March 2012
In software sales vat and service tax both are applicable.
I want to know vat is applicable on which amount
1) Basic+ Service Tax= asseable value for vat
2) Basic = asseable value for vat
Which is correct asseable value for vat application
I want to know vat is applicable on which amount
1) Basic+ Service Tax= asseable value for vat
2) Basic = asseable value for vat
Which is correct asseable value for vat application
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02 August 2025
https://docs.google.com/document/d/1StS4Lvx51bbi30LLOigKx3BKsgLjvQOHIwU5VvMcxi0/edit?usp=sharing
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