Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Service tax and vat

1210 views

Save Share

Join Us Follow Us Add as Source

abhinav kumar jain

student

31 Points Posted on 30 March 2013

Dear Experts,

i have an query where an company is paying for "Auto desk Building design Suite Premium Network License Activation Fees" amounting to Rs. 244800 on which

VAT @ 5.5 % 13484

and on the same amount i.e. 244800 service tax is charged @ 12.36%

Will there be no abatement provision on the same.

Reply Fast

Replies (3)

phani

Accountant

29 Points Posted on 23 July 2013

Consider this transaction as a manufactured item, how u sell. Only dofference, we need not collect Vat on Excise (Service Tax) portion. Sale of software is also be considered as sale of any other mfg item

Arun Kumar Singh

GST Advocate

13166 Points Posted on 24 July 2013

Only one tax will be aplicable, VAT or Service tax.

K.chandrasekaran

Partner

97 Points Posted on 03 January 2014

some times the the same receipt is sufferring tax at multiple times(VAT,Service tax and income tax) and in the case of mutual funs agnets it is deduted form their meagre commission.