Works contract service
This query is : Resolved
24 October 2015
How the Gross sale amount is to be taken in Calcualtion of Service tax and VAT in Composition scheme.
We have received 20,00,000/- Including all taxes
So As per composition scheme
Gross Sales : 18,83,240
VAT @ 0.6% : 11,299 (not shown separately)
ST @ 5.6% : 1,05,461 (14% with 40% taxable)
Total : 20,00,000
Are my calculation correct or i have to consider VAR amount also for calculation serivce tax ie direct reverse calculation of Amount received
Receipt : 20,00,000
ST : 1,06,061 (Back calculation)
Gross : 18,93,939
Kindly help me which about to be consider as gross sale in Service TAX return and Gujarat VAT Return.
We have received 20,00,000/- Including all taxes
So As per composition scheme
Gross Sales : 18,83,240
VAT @ 0.6% : 11,299 (not shown separately)
ST @ 5.6% : 1,05,461 (14% with 40% taxable)
Total : 20,00,000
Are my calculation correct or i have to consider VAR amount also for calculation serivce tax ie direct reverse calculation of Amount received
Receipt : 20,00,000
ST : 1,06,061 (Back calculation)
Gross : 18,93,939
Kindly help me which about to be consider as gross sale in Service TAX return and Gujarat VAT Return.
24 October 2015
Seems the 1st method is correct.
Seems the 1st method is correct.
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Form 121 & TDS deduction
- LC charges in relation to Asset purchased should be Capitalised ?
- Multiple trade mark
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
