1. Categories >> Accounting >> Taxation
  2. Suggest New Category

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?

Question Posted / meghaastagikar

Answers were Sorted based on User's Feedback



If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocop..

Answer / harpreet

5% vat is charged on 80% of total amount

Is This Answer Correct ?    4 Yes 2 No

If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocop..

Answer / megha

Thank you for the Answers!

Is This Answer Correct ?    0 Yes 0 No

If my company undertakes an AMC (Annual Maintainence Contract)with a Service company for Photocop..

Answer / kishan maurya

yes vat is applicable on rest of 30% bcoz total tax
calculate on 100% value you are already charging 70% service
tax

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Taxation Interview Questions

complete information about these taxes-income tax,ser vice tax,sales tax,vat,excise with complete detail-mening,all form ,date of filling,procedure,heads,rates for 2008-09 year?

1 Answers  

We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?

0 Answers  

Section of rant in TDS.

8 Answers   TCS,

We have sales some items to our customer 4 yr. before and he is refusing to issue C form so, what can i do.

1 Answers   Merino, TAFE,

I am trader & my office in Delhi & I have any Material purchase from Puna & I want directly dispatch material from Puna to Ludhina which my customer. So what can I do this transaction ? & what will the tax pay.

2 Answers  




For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?

2 Answers  

what diff. between Account ,Commerce and Finance?

0 Answers   India Infoline,

What is tds and what are its rate in different segment

2 Answers  

IF 7th is Sunday, can we pay the TDS on 8th?

6 Answers  

This is the WONDERFUL site I have ever seen. Sorry that I have selected the irrelevant category. But my question is whether I can get the right answers in this site ID for the interview questions available in this ID. If so please guide the navigation

0 Answers  

hi i want to know that what r all the component which r applicable for tax in salary,whether it is payable or reimbursement

1 Answers  

how & on which amt tax should be calculate on pvt ltd company or ltd company

0 Answers  

For more Taxation Interview Questions Click Here
Categories