If my company undertakes an AMC (Annual Maintainence
Contract)with a Service company for Photocopiers Machines
it is understood that we will be charged 12.36% of Service
Tax on 70% of Total amount however how much percentage VAT
is applicable on rest of the 30 % of total amount?
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Answer Posted / kishan maurya
yes vat is applicable on rest of 30% bcoz total tax
calculate on 100% value you are already charging 70% service
tax
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