9911796707
TMI BlogSupply of GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... Supply of Goods X X X X Extracts X X X X X X X X Extracts X X X X ..... argeable, service tax shall be applicable? Reply By pradeep khatri: The Reply: Service tax is applicable on taxable services. Goods can't be treated at par with the services. But in some case Both a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re applicable. Reply By CA Rachit Agarwal: The Reply: VAT is chargeable on sale of goods. However where there is composite that is supply of goods and services, then service tax will apply and foll ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ow Works Contract Composition Rules, 2006. Reply By DEV KUMAR KOTHARI: The Reply: Every supply of goods is not necessarily chargeable to VAT, a sale of any item may be exempted. It is not correct to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... say that if there is no VAT then there will be Service tax. Exemption of VAT can be in relation to particular dealer, buyer, or particualr goods. VAT is on sale of goods chargeable to VAT and servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e tax is tax on taxable services rendered. So check chargeability under relevant provisions. Reply By CA Rachit Agarwal: The Reply: Dear Mr. Kothari Definitely VAT is chargeable subject to provis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of relevant VAT Act.
However when I have used the word VAT, it is very common to understand that VAT rate may be NIl, 1%, 5%, 12.50%, 13.50%, 18% and 20% or other rates. X X X X Extracts X X X X X X X X Extracts X X X X ..... owledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
