Work contract vat
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 September 2015
our Compacy in Services we take the On site Annual Mainatance Contract (AMC) of Computer & perperials.
We are paying @ 5 % Work Conatrct Tax on 60 % basic vaule of AMC. We are also paying Services Tax @ 14 % on 70 % basci value of AMC.
Please confirm it ok or not?
Secondly in our Sale Tax Assessment of year 2010-11 Sale Dept is saying that we have Pay 5 % VAT on Services Tax which paid in FY year 2010-11,
please confirm can file Appeal on the same.
We are paying @ 5 % Work Conatrct Tax on 60 % basic vaule of AMC. We are also paying Services Tax @ 14 % on 70 % basci value of AMC.
Please confirm it ok or not?
Secondly in our Sale Tax Assessment of year 2010-11 Sale Dept is saying that we have Pay 5 % VAT on Services Tax which paid in FY year 2010-11,
please confirm can file Appeal on the same.
22 September 2015
The VAT paid i.e. 3% of net value( 5% on 60% of basic value) and service tax paid i.e 9.8% of net value ( 14% on 70% of value ) is correct.
VAT on service tax is not applicable. Refer to the DDQ of sujata printers.
VAT on service tax is not applicable. Refer to the DDQ of sujata printers.
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
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Non-Compliance documents have not been submitted by the contractors debited
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- EXPORT COMMERCIAL INVOICE HSN CODE
- FCRA 6 E- Intimation
- Bank details not Visible on Traces Portal
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
