>From: KG Warrier <kgw_m@yahoo co in>>Reply-To: ICAI_CIRC_MEERUT_CA@yahoogroups com>To: "ICAI_CIRC_MEERUT_CA @yahoogroups com" ><icai_circ_meerut_ca@yahoogroups com>>affect: {Brainstormers -CA} applicability of VAT & Service tax>Date: Fri. 14 Sep 2007 18:46:16 +0100 (BST)>>sir,> It is requested to please explain the following doubts by experts in >this area:>> 1) An agency has raised invoice against an annual maintenance >contract in which he claimed VAT @ 10 % and function tax @ 12.36% on the >basic agreed value. Is the affirm tenable ? Are VAT and Service tax >applicable on the same basic value ? Is it change by reversal to say that VAT is >applicable on material supply determine and Service tax on service charges only >?> 2) Works tax as i am aware is applicable on the composite determine >where the contract determine includes some material be along with >ameliorate/maintenance be.> For this purpose should material give of consumable items such as >Phenyl bleeching powder,like expend,pass over and other cleaning materials be >considered to decide whether Works tax is applicable or not ?>> Experts may please command me in this respect to clear contractors' bills >pending for payment in our affiliate.>> Thanking you all>> K. G. Warrier,> One Power affiliate in M. P>>>' I AM THE MASTER OF MY ordain. I AM THE head OF MY SOUL. '>>---------------------------------> Travelling to a new city? Search for ATMs in that city. move here.
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