:: Home Page            
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
Categories >> Accounting >> Taxation


 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
service tax and vat,both is possible on one item
 Question Submitted By :: Taxation
I also faced this Question!!     Answer Posted By  
# 1
Yes ,It can be possible in one item
Because VAT will be levied on goods and Service tax will
be levied on providing any kind of service.

Here we can see one example,

like,if there is any service station for two or four
wheelers, Mr.A come to wash their four Wheeler at the same
time he purchase mirror or any other accessories from that
service station the bill will be prepare with VAT and
Service Tax.

To wash the car = Service Tax

To purchase any Accessories = VAT
Is This Answer Correct ?    61 Yes 7 No
# 2
yes if item repair/jobwork by workshop which item new add
with job repair then, sales tax charges on 70% of full
basic amount of invoice & service tax charge on 30% of full
basic amount of invoice (if sale item is not calculate

yes if item service by workshop which new spare part add
in job repair then, sales tax charges on only spare parts
amount & service tax charge on service amount.
Is This Answer Correct ?    15 Yes 4 No
Srikant Barick
# 3
As you are aware, service Tax and VAT can not be imposed on single situation. Firstly, please take example of Mr. Ashutosh. If AMC amount includes value of software, Service Tax will be applicable because AMC services can't provided without software. Secondly, as asked by Mr. Shrikant, if the service provider repair the vehicle and service your vehicle without any part and part sold by them seperately then only service tax will applicable on servicing and Vat on spares. But when he used lubricants etc or replace parts during servicing and he can not provide Services without parts / lubricants then service tax will be applicable on entire amount received inclusive of value of Spares etc. 
Is This Answer Correct ?    3 Yes 1 No
# 4

Is This Answer Correct ?    19 Yes 18 No
# 5
NO,As per constitution of India, VAT and Service tax (both)
cannnot be imposed on ONE ITEM.

BUT (A BIG BUT),VAT n SERVICE TAX both are imposing in the
sale of canned Software. THIS IS MERELY SAFEGUARDING OF

AND VAT = State Tax
SERVICE TAX = Central Tax. both have their different levy
Is This Answer Correct ?    7 Yes 10 No
Atul Nema
# 6
actually i want to ask a question to Pranjal.
Well pranjal as u told that both service tax & VAT can be
levied on same items but as i understand service tax can be
levied on services rendered to u & VAT will be charged for
sale to question is that i went for car wash..washing
charges is Rs.500(Assume).
i purchased a mirror for Rs. 200/=
So VAT will be charged on Rs. 200 & Service Tax will be
Charged on Rs. 500/=
so u want to say this only or u r saying that VAT & Service
tax both will be levied on Rs. 700/=
Is This Answer Correct ?    8 Yes 11 No
# 7
i am also facing this problem.i am auditing baba zarda have a contract to a software maintenance co
for AMC. for this company raised a bill on BABA as follow:

Bill Amount Rs. 30896
S. tax @103%on 30896 Rs. 3183
VAT @10.8% on 30896 Rs. 3337
total Rs. 37416
is this calculation is correct?
i think it should be proportionate.
Is This Answer Correct ?    10 Yes 17 No
Ashutosh Jha

Other Taxation Interview Questions
  Question Asked @ Answers
Give details about TDS and its applicapable rates of latest year. CA 1
Esic calculated on gross to be rounded to?   1
What is tax?   1
What is business? TCS 7
Can be deduct Tds on Staff welfare expenses?   4
What is the vat percentage for construction company   2
What is WCT TDS? who is liable to deduct the WCT TDS? Apex 34
Please tell me that what is the formula of Input tax (Vat input) disallowed in case of branch transfer? We have a branch in Delhi and H.O in Faridabad?   2
Hello Durgaprasad Sir, iam received a farmat of credit availed and utilized from Excise and Service tax department, but i have no idia for filling this farmat. can you tell me detail about this or tell me where it available in internet.   1
what do you mean by tds Oyster-Learning 6
what is sevice tax present rate Capital-IQ 22
we are giving the UPS monthly charges 10000/- should we deduct tds if yes then how we will calculate it   4
For more Taxation Interview Questions Click Here 

Copyright Policy  |  Terms of Service  |  Articles  |  Site Map  |  RSS Site Map  |  Contact Us
Copyright 2013  All Rights Reserved.   ::