Is there any changes in vat & service tax?

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Is there any changes in Service Tax & VAT applicable 4 CA FINAL NOV 2011 Exams???????

Replies (3)

The RTP covers all the changes for service tax. Vat has not undergone any change

Dear Sir,

 I am accountant in SEC units. My units are manufacture of CNC Engraving machine. When  machine is manufacturing installation made. i.e. what is required on installation. VAt or Service Tax.

                                                                                                                                  Eg. Installation    12000/-

                                                                                                                                           VAT 12.5 %   1500/-

                                                                                                                                              TOTAL      13500/-    

        

                   OR                                                                                                        Installation Rs    12000/-

                                                                                                              Service TAx 10.30 %             1236/-

                                                                                                                        TOTAL                          13236/-

Service tax on the value of services. Read "Erection. commisioning, instalation" services

Vat levies on sale.


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