06.12.2010 contract Price -1000000
party paid100000 as advance in 27.11.2010
party paid400000 on 05.02.2011
please help me to calculate Service tax and vat.
***its compounding. assuming party is deducting tds on payment.
The query does not indicate whether the taxes are inclusive or not.
If not inclusive then ST under composition 4.12% under VAT applicable rate [ normally 4%].
If inclusive then owrking backwards required
Suraj Garg and Associates
New Delhi
CA Inter
View Details
Synergy Keystone
Mumbai
CA
View Details
CCI
Pro
CAclubindia
