1. How to calculate vat @4% on a bill which also suffers
Service Tax @ 10.30%. ie. Whether i hav to calculate on the
basic or on the sum of Basic + service Tax. kindly clarify
in this regard immdly. because som part of people says it
sholud b calculated on the basic, another part of people
says it should be calculated on the sum of Basic + Service
tax....
2. when we deduct TDS for the invoice? ie. In the invoice
which suffers Vat & also Service tax or the invoice which
suffers only Service Tax?
Kindly clarify me immdly.
- 3 Answers
- 17291 Views
- I also Faced
- E-Mail Answers
Answer Posted / anirban nandy
Vat is calculated on Goods sold whereas Service tax is
charged on service rendered.
VAT & Service tax can't be charged on same item.
TDS is also deducted on service received from service
provider.Not on goods purchased.
We will calculate TDS only on the basic item value.
| Is This Answer Correct ? | 29 Yes | 22 No |
Post New Answer View All Answers
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
What is DSCR and how to calculate the same.
While depositing cash at any bank above then Rs 50K, we need to provide PAN Card or we have to fill form 60, but tell me why a person needs to sign FORM 60 if he is paying installments of >50K of Loan availed by him/her earlier? As if he is repaying Loan, not depositing in his A/c?
please send me andhra bank clerk xam model papers
How We know we are liable for Profession Tax liability. I have an optics shop & I want PT Number so what should i do?
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
Define deferred tax liability? What items come under deferred tax liability?
How to reconcile a Vendor who is a supplier as well as a Contractor?
Explain the Calculation of Sales Tax?
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?
IF ANY PROPRITER SAID THAT DON'T DEDUCT TDS OF HIM BECAUSE IT IS NOT PARTNERSHIP FIRM THEN WHAT SHOULD COMPANY DOES?
