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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.
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Answer Posted / inderjeet singh
SUPPOSE THE INVOICE RATE IS 2000.00
VAT@4% IS 80.00
SERVICE TAX@10.30% IS 206.00
--------
2286.00
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I THINK TAX DEDUCTED LIKE THIS.
| Is This Answer Correct ? | 14 Yes | 8 No |
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