1. How to calculate vat @4% on a bill which also suffers
Service Tax @ 10.30%. ie. Whether i hav to calculate on the
basic or on the sum of Basic + service Tax. kindly clarify
in this regard immdly. because som part of people says it
sholud b calculated on the basic, another part of people
says it should be calculated on the sum of Basic + Service
tax....
2. when we deduct TDS for the invoice? ie. In the invoice
which suffers Vat & also Service tax or the invoice which
suffers only Service Tax?
Kindly clarify me immdly.
Answers were Sorted based on User's Feedback
Answer / gaurav chaudhary
For Exp. Bill Amount is before Tax 20000/-
Vat @ 4% 800/-
Service Tax @ 10.30% 2060/-
Total Amount after tax 22860/-
TDS Charged Whole Amount 22860/-
Is This Answer Correct ? | 66 Yes | 22 No |
Answer / anirban nandy
Vat is calculated on Goods sold whereas Service tax is
charged on service rendered.
VAT & Service tax can't be charged on same item.
TDS is also deducted on service received from service
provider.Not on goods purchased.
We will calculate TDS only on the basic item value.
Is This Answer Correct ? | 29 Yes | 22 No |
Answer / inderjeet singh
SUPPOSE THE INVOICE RATE IS 2000.00
VAT@4% IS 80.00
SERVICE TAX@10.30% IS 206.00
--------
2286.00
--------
I THINK TAX DEDUCTED LIKE THIS.
Is This Answer Correct ? | 14 Yes | 8 No |
i have received bill from civil work contractor in that they charges Service tax & vat on same amount & .Please clarify
procedure to get Raw Material free of excise duty under Central Excise Act,
While issue of C form to the seller, c form can be issued on either before @ 2% CST or after @ 2% cst. If so, what is the logic.
We purchase Electricals Cabel for Panel & Fitting for our company, we have issued Form "C" to above material purchase From OGS
what is tds tax and what is vat use in tally ?
Can the proforma/format of C Form (Sales Tax Form for interstate)be seen on any web site? What declaration is exactly made by the purchaser in that form?
Which form used for registration in GST?
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
what is meaning of education cess?and y is it levied?
WHAT ARE THE TYPES OF TAXATION?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
can we clarify any questions/doubts raised by other persons