Manager - Accounts
29 Points
Joined December 2012
Hi
I have a doubt. The copier charges bill contains Rs. 2,000/- as total amount.
In this Rs. 1,500/- is for spares & consumables and vat 5% is collected.
And Rs. 500/- is for service & maintenance charges but service tax is collected on Rs 1,500/- at 14.5% (2015 bill). The service charge is 500/- only and service tax to be collected for 500 only but the bill shows it had collected for assessable value (1,500/-)
Kindly clarify.