Work contract

Hi, I am Water Proofing Applicator from Bangalore Karnataka, buying the materials from manufacture and applying to the clients place and raising consolidated bill as per agreed rate per sq. ft / mts. The Manufacture charges me VAT @ 14.5% and Exicse Duty @ 12.36% Now how do I charge them the tax. Do I have to charge VAT @ 14.5% and 12.36% Service Tax on 70% & 30% respectively. Can I Set off the VAT & ST with the amount paid. Ananda Theertha sbat2012 @ gmail.com +91-9845324012
Replies (1)
hii anand, you have to charge vat @ 14.5% and service tax @ 12.36% on 70% & 40% respectively. u can setoff the paid taxes.

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