VAT on Service Tax.
This query is : Resolved
10 June 2009
While raising invoice for software items for which both VAT and service tax is applicable, do we need to calculate VAT on service Tax also?? Ex.
Goods Value Rs.100.00
AddService Tax 10.30
Sub total 110.30
Add: VAT 4% 4.41
Total Value 114.71
are the above mentioned calculations are Ok?
Goods Value Rs.100.00
AddService Tax 10.30
Sub total 110.30
Add: VAT 4% 4.41
Total Value 114.71
are the above mentioned calculations are Ok?
10 June 2009
YES, this is the right way to calculat..
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