vivek garg (Chartered Accountant) 01 February 2014
A PSU is inviting bid for a project,following charges are required to be paid by bidder along with required data:
1. Charges for'Prospectus'Rs 5,000/- (non refundable)
2. Charges for Processing Rs 50,000/- (non refundable)
Please advise whether VAT is applicable on prospectus, if yes, what is the rate applicable in DVAT?
Whether Service tax is applicable on processing Fees, if yes, what is the service tax category and rate?