Hi all,
if we incur the service component in the product, shall i issue separate invoice for VAT & Service tax? For example the product value is Rs. 10,000/- which include the installation, delivery, warranty, freight etc. So is it possible to bifurcate the total value interms of vat @ 14.5% for Rs. 7000/- and service tax @ 12.36% for Rs. 3000/-?
Pl suggest.
rgds
sakthi
CAclubindia
