service tax and vat,both is possible on one item
Answer Posted / anumani
when both service tax and vat levied on a single item its called composite scheme of tax payment
for example :
if we go to any restaurants we will buy food. on that vat will be levied,we will go not only for food we will get some services from hotel staff on that it will levies service tax so as per the rules it should be proportionate
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
what is rules of taxation
is there in india the rate of work contract are same in all states if now what are the statewise rate
assessee is a developer. menthod of accounting- mercantile. he sold a flat to party , registration has been done in financial year 2012-13. but he has taken the sale next financial year on the ground that one cheque has been credited in the next financial year. can the assessee's claim can be considered for taxation purpose
WHEN FORM VAT R-2 USE?
what is procedure to get c form? what is procees to get vat /tin no
Define Amortization & Impairment?
can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax
what diff. between Account ,Commerce and Finance?
taxes leivied on carpentar & plumbing services
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
what is the entry tax explain briefly?
I have doubt on Input VAT & Output VAT (incoming vat / outgoing vat) I have a HMS software, where we have interface to tally erp. When we import the transactions to Tally from HMS (Hospital Management System) All the purchases what we do for a period, the tax paid on these purchase are showing as out going vat. Similarly when we do the sales of those purchased items through HMS, tax collected from customer is showing as incoming vat. Is these are correct terms what they had mentioned in HMS? Please help me out.
What do you understand by transfer income?