Hello friends,
Please tell me about DVAT applicability on Catering Services. On which amount should VAT be charged, i.e. including or excluding Service Tax?
For example, if total catering amount = Rs. 1,000,
then how and at what rate DVAT and ST should calculated?
Vat is calculated on amount excluding service tax.
In your example:
Total Catering Amount is 1000
Service tax: 1000*12.36%= 123.6
VAT(say @ 5%)1000*5%= 50
So the total bill amount is (1000+123.6+50) Rs.1,173.60
Hi Shruti,
Thanks for your help!
What is the DVAT Rate applicable in this case?
CAclubindia
