Dear Sir,
In your case calculation of VAT and service tax will be as follows:
Basic 1000
ST 60
VAT 145
1205
For any further clarification feel free to contact us.
Calculation of Service Tax & VAT on Works Contract
If I execute a works contract say worth Rs 1000/- should I charge 6% Service Tax on it first and 14.5% VAT on the sum of Rs 1000/- + 6% Service Tax ? whats the exact rule , how it is to be calculated ? Could anyone please help me in this regard ?
Asked 7 years ago in VAT
Hello Sir,
Vat is charged first and then the amount of Service Tax.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP
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