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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details