Vat on service tax
This query is : Resolved
02 June 2014
Hi,
I have one bill ..In that Vat is calculated on service Tax.
For e.g. the basic Amt of the bill is 50000/- on that 12.36% service tax has been calculated i.e.= 6180/-
& vat is calculated on (5000+6180=56180*5%) =2809.
So gross Amt is = Rs.58989/-..Pls guid me weather its right ..Can tax be calculated on tax..Or should I ask the vendor to revise the bill.
I have one bill ..In that Vat is calculated on service Tax.
For e.g. the basic Amt of the bill is 50000/- on that 12.36% service tax has been calculated i.e.= 6180/-
& vat is calculated on (5000+6180=56180*5%) =2809.
So gross Amt is = Rs.58989/-..Pls guid me weather its right ..Can tax be calculated on tax..Or should I ask the vendor to revise the bill.
02 June 2014
Hi Apurva,
Please let me know the bill details i.e., the bill is issued for which purpose etc
Please let me know the bill details i.e., the bill is issued for which purpose etc
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