Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Dear Sir/madam,

Is this possible that Service Tax and VAT on a similar item
at a time?



Dear Sir/madam, Is this possible that Service Tax and VAT on a similar item at a time?..

Answer / s s vinothkumar

Its possible to impose VAT & Service tax on same "item" for
example, Idly sales in hotel having AC facility. Idly is
material - so sales & serving on table is service - so
service. So On sale of food articles etc., both VAT &
Service Tax will be applicable. Like wise construction of
building - Supply of Material by steel, cement etc and
service by labour. However, on same "value" both is not
applicable. For example, in case of construction of building
having Rs.10 lac contract value, on Rs. 6.7 lacs VAT will be
levied. And on balance Rs. 3.3 lacs Service Tax will be levied.

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?

0 Answers  


Define the 'Input Tax' in respect of Service Tax Act. What type of Input tax can be taken for the credit of tax payble?

2 Answers  


Can we take rebate on Exports done before 6 years ? If no, why ? What can be done ?

0 Answers  


Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?

2 Answers  


If we purchase Inter -state any Plant & Machinery for Works contract for completion of a Project and later after completion of the same if we move that material to other State , Can we get "C" form against this material where we have purchased it. Is there any Notification regarding the same . In which circumstances a Works contractor can get "C" Form ? If against "C" Form a works contractor purchased the material and passed on the material via Works contract to the client whetheer Local VAt rate is also applicable on the same .

1 Answers   Tribeni Constructions Ltd,


If a nri buys property in india, does he has to pay property tax?

0 Answers  


Suppose A, Delhi is selling material to B, Chhhattisgarh & B wants this material at Bhopal. A bills like sold to party B, Chhattisgarh & Ship to party C, Bhopal. Whereas C is a site office of B. In this case whiling billing A required TIN no of B & C or proving TIN no of B is enough?

3 Answers   ABC,


In Excise please mention Mandatory file which is to maintained(e.g PLA ;RG1;Rg23)

2 Answers   ABC, Reckers,


WHAT IS DIFFERENCE BETWEEN BSE AND NIFFTY

8 Answers   Birla,


WHAT IS THE DITECT TAX ?

1 Answers  


What are the excise duties in our state?

0 Answers  


what is 'c' form and form 'H' and why these form used in a company. pl tell me

4 Answers  


Categories