Service tax and VAT are mutually exclusive. Comment.
Menu
query
Replies (2)
Service tax is a central leavy and VAT is a state leavy. Service tax is a tax on services. VAT is a tax on goods sold. Both are exclusive. In some cases, both the service tax & VAT is chargeable. For example, Catering service.
in few cases both are chargeable .. for eg: a service provider (rent a cab service) giving car on lease will charge service tax and vat both in his bill. coz he is providing service as well as falls under deemed seller (leasor) category.
Recent Topics :
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
Related Topics :
CAclubindia
