Calculation of service tax and vat

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..... Calculation of service tax and vat
Query (Issue) Started By: - ATUL Dated:- 25-8-2008 Last Reply Date:- 16-9-2008 Service Tax
Got 3 Replies
Service Tax
I am running a restaurant. I am ch .....

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..... arging VAT 12.5% on sale of food. but I am not charging VAT on service charges provided by us. For example: I am suppling food of Rs.2496.00. charge VAT 12.5% on Rs.2496.00 is Rs.312.00. I am also cha .....

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..... rging 10% service charges on Rs.2496.00 is Rs.249.6 . On what amount I should charge the VAT on Rs.2496.00 or Rs.2496+249.6. What is correct? Reply By t.sundaram: The Reply: You have to calculate the .....

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..... tax on the entire amount , which includes service tax Reply By V Ramanujam: The Reply: I am of the view that your activity would only attract VAT and not service tax. VAT should be calculated on the .....

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..... entire amount including service charges component charged as it would also form part of price of the food supplied. Reply By P Bujji Babu: The Reply: Only VAT is levied @12.5%
Discussion Forum - K .....

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..... nowledge Sharing .....

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