Whether Vat is leviable on Service Tax
This query is : Resolved
07 May 2010
My client is a outdoor caterer taxable under both VAT & Service Tax.
My query is how should he generate bill.
For ex:
He has a bill of 100000/-
Service Tax applicable @ 5.15%
Vat applicable @ 14%
Whether he should charge service tax on basic and then charge VAT on the sum of two i.e.
Basic Price 100000
Ser.Tax @ 5.15% 5150
Total 105150
VAT @ 14% 14721
Bill Value 119871
Is the above calculation right. Please reply with suitable rules if any
Thanks
Girish Sharma
My query is how should he generate bill.
For ex:
He has a bill of 100000/-
Service Tax applicable @ 5.15%
Vat applicable @ 14%
Whether he should charge service tax on basic and then charge VAT on the sum of two i.e.
Basic Price 100000
Ser.Tax @ 5.15% 5150
Total 105150
VAT @ 14% 14721
Bill Value 119871
Is the above calculation right. Please reply with suitable rules if any
Thanks
Girish Sharma
07 May 2010
As my understanding in your query the caterers claiming abatement scheme under Service tax ( because he is charging VAT & ST both ) but the Assessable value under Specific state VAT act you need to check with the Local VAT act. whether assessable value inclusive of Service tax or not please refer the same
14 May 2010
Yes. you are charging tax(s) correctly.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- TDS on TRUST
- Consolidated financials
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Tds on commission charges
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
