Dear All,
I am a service provider along with supply of material. I would like to know the procedure for billing. My contract is for value of material and service provided. That is if the total value is for Rs.100/-; Rs.65/- goes to material cost for which I am paying Sales Tax (VAT). I am incurring Rs.20/- towards freight charges for which I want to pay Service Tax availing the abatement i.e., I would like to pay 25% of the freight amount only. The balance Rs.15/- is for supply of labour, loading/unloading charges, etc., for which also I want to pay Service Tax at 12.36%.
My question is whether I can prepare only one Bill clubbing the VAT portion bill and SERVICE TAX portion bill OR whether I have to prepare two Bills one for VAT portion and another for SERVICE TAX.
Thanks in advance
CAclubindia
