I saw in many bills with VAT & service Tax both are mentioned, but I want to know that when it is applicable that we have to mention both the taxes in invoice.
As per my knowledge VAT will be applicable when we are selling any article or goods & service tax will applicable when we are providing any service to our client or customer.
Can anybody please tell me that VAT is also applicable on labour charges or not?
18 August 2008
No such situation seems to arise for any kind of business.
However it may be possible when RA bill of a works contract is raised VAT under works contract TAX and service tax can be chargeable in the same bill provided the contract agreement stipulates so.
CAclubindia
