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
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