VAT on service tax

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This query is : Resolved

Kinjal Thakkar (Querist)

22 September 2008 A company deals in computer and related parts. It also provides AMC and services to its clients. On AMC bills they charge 12.36 service tax on basic AMC amount. Thereafter should they levy VAT on basic and service tax amount. No the company is not under composition scheme. What difference it will make if it was under that scheme

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)

22 September 2008 Whether the delaer is under any composite scheme?

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)

22 September 2008 Is the dealer under any composition scheme?

Kinjal Thakkar

Kinjal Thakkar (Querist)

22 September 2008 No. What difference it makes if the company had applied for composition scheme

CA. Harinder Kumar

CA. Harinder Kumar (Expert)

22 September 2008 YOUR INVOICE SHOULD SHOW DIFFERENT CHARGES ON AMC WHICH IS ONLY FOR SERVICES THERE NEED NOT TO CHARGE ANY VAT. WHERE YOU PROVIDE PARTS CHARGE PARTS AMOUNT SEPRATELY AND CHARGE VAT ON THAT

CA. O.P. Agarwalla

CA. O.P. Agarwalla (Expert)

24 September 2008 In composition scheme, in some state tax is calculated on the entire amount received or receivable against a WC.

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