Vat on amc
This query is : Resolved
14 December 2011
My client is charging VAT @ 12.5% on AMC in Purchase Order where the spare part to be supplied later during AMC period can not be identified at the the time of making Purchase Order.. is it a correct practice??
14 December 2011
Mr. J mondal,
It is work involving labour also. Therefore charging 12.5% on the whole value is not corect.There may be some goods chargeable with 4% vat also.So,you insist on charging on the value of goods at the applicable rates only,which will be benificial to you.
MJK
It is work involving labour also. Therefore charging 12.5% on the whole value is not corect.There may be some goods chargeable with 4% vat also.So,you insist on charging on the value of goods at the applicable rates only,which will be benificial to you.
MJK
Message likes :
1 times
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- Minimum tax payable to file Updated return
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- GST ISSUE OF INPUT AND OUTPUT GST
- GST Intimation due to Government took possession of Business Premises under PPE Act
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
