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Which type of taxes are levied on amc??
Replies (6)
Only Service tax when without material, but with VAT when any cost of part/s included in the bill.
Both going to get submerged in GST
Abatement is possible on the same??
At what rate will be the vat
VAT is state subject, also depends upon material catagories.
Service tax @ 15% including cess, when segregated values applied.
But under composite value service tax is taken as 70% of the total amount.
What is composite value service??
Its the service tax charged over the aggregate bill amount of labour charge along with replaced spares. In this case service portion is taken as 70% of the bill amount.
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