Dear Sir/madam,
Is this possible that Service Tax and VAT on a similar item
at a time?
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 |
Who will be authorized to collect Luxury Tax ? Is ther any form of returns for luxury tax? Bar & Restaurants are charging Luxury Tax @10%, is there any accountability for collection of luxury tax.
what is the different between CST , VAT, and Excise Duty ?
Tell about dvat and dvat rate
Taxable and Exempted goods sale to pondicherry via bill no.1 and bill no.2 I received the C form for taxable bill no.1. But, C Form not received for Exempted bill no.2. It is required or not?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???
when should i take input of service tax which i paid against bill (At a time of bill received entry date or payment date to party. )
what is the difference between Vat-100 and Vat-120
i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not
when will submitt the c form and what is the percentage?and also hearing details?
Procedure to file TDS Returns?
I renders interior Services, consider one project cost Rs.500000/- Scenario 1 - Material purchased on my Firm Name Material - 300000 - 0 On party behalf Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit Scenario 2 - Material purchased by client Labour - 200000 -150000 My expenses for Labour Contracts Profit - 50000 My Profit In both Profit is same Rs. 50000/-. which is beneficial for me in terms of turnover or tax matters. and if I have to raise a bill to party as per both scenario, how it will affect bill and tax, where will I suffer loss?
When we make payment of custom duty through DEPB Licence against Import.we are a trading Unit. Can we pass on the 100% modvat to manufacturer as per mentioned in Bill of entry.