Menu
Amc
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.
Recent Topic
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Which ITR form
- Form 103 id delayed for submission for more than 1
- Composition scheme
- Input tax credit under igst under insurance compan
- ITR Form to be used
Related Topics
CAclubindia
