service tax and vat,both is possible on one item

Answer Posted / anumani

when both service tax and vat levied on a single item its called composite scheme of tax payment

for example :
if we go to any restaurants we will buy food. on that vat will be levied,we will go not only for food we will get some services from hotel staff on that it will levies service tax so as per the rules it should be proportionate

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the eligibility criteria of C-Form(Manufacturing goods of borewell bits, Hammers, Drilling Tools and Air compressors, etc..). If such company will purchase safety shoes, buyer can eligible to issue C-Form?

4923


Sir please confirm job work sale for clothes shat d1 yes & no

1293


is there any specific percentage related to lower tax deduction under tds

1653


While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2066


What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.

1777






what was the VAT rate on inverters(home ups) in karnataka on 2016??

1023


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2114


I have some queries about Service Tax, I am working in a Insurance Broking Company. 1) We have raised one bill on 25.04.09 for the services provided by us in the month Mar, 09 Now We received the chq on May, 09 followed in the Month of June,09. When the service tax is actually payable in the month of received of Service tax amount or in the month of services actually provided by us (Mar09) 2) Can we take 100% credit of Service Tax Input paid to those who provided services to us. Suppose Service Tax payable is Rs. 100/- and Service tax charged by the other firms/company Rs. 80/-. The question is That can we deduct Rs. 80/- (already paid). Now Net ST payable would be Rs. 20/- or other percent of service tax input is available 3) What is the rate of interest for Service tax if not paid on time. Pls help me out asap

1791


what is cost taxation

1531


what is WCT rate in chhattisgarh

2922


In the Balance sheet of a company you see the following details, Liabilities: Provision for tax - AY 2008-09 RS 200000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 Assets: Advance Tax- AY 2008-09 RS 150000 AY 2009-10 RS 300000 AY 2010-11 RS 200000 On 15-03-2011, the assessment order for AY2008-09 was received and the final tax liability was stated to be RS 250000. Pass the journal entry for the closing of the relevant accounts in the books for the AY 2008-09.

1432


How do I get a C form with the bank Guarantee?

1258


Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me

1914


Tell about dvat and dvat rate

2730


What is the procedures for withdrawing of form C?

1759