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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
i have received bill from Catering Service in that they 
charges VAT and Service tax box.Please clarify wheather it 
is charge both TAX
 Question Submitted By :: Jigneshmody79
I also faced this Question!!     Rank Answer Posted By  
 
  Re: i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
Answer
# 1
Yes it is correct
 
Is This Answer Correct ?    2 Yes 0 No
Manoj
 
  Re: i have received bill from Catering Service in that they charges VAT and Service tax box.Please clarify wheather it is charge both TAX
Answer
# 2
Yes it is correct. Vat will be charged on Goods Value only 
and Service Tax will be charged Service value only. example 
Catering Bill like 

Goods               Rs. 100
service charge      Rs. 10

Add Vat @ 12.5%     Rs. 12.50
Add Service Tax @10.3%   1.03



Jitendra Kumar 
Tally Career of India
Birat Complex Boring Road
Patna
 
Is This Answer Correct ?    3 Yes 1 No
Jitendra Kumar
 
 
 

 
 
 
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