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TMI BlogService Tax on AMC contract of Computer/laptopsX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi All, We are proposed by a Vendor from Banglore for annual maintaince of our computer and laptops. Vandor has send the quotation with following taxes: Base Value Service tax @ 10.3% on 100% of base Value VAT @ 12.5% on 80% of base value UP Additional Tax @ 8% on VAT Do let us know, Is this arrangment is valid or not? - Reply By pradeep khatri - The Reply = This arrangement seem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s valid as VAT and Service Tax both are chargeable to such transaction i.e. AMC contracts. - Reply By Reshma kochar - The Reply = That I agree, I am confused about this 100%for S.T. and and 80% for VAT, plus vat rate of 12.5% and this UP additional tax also?? - Reply By pradeep khatri - The Reply = Service tax in this matter will be charged on the 100% value of the contract. Further, WCT @ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12.50% will be charged on the 80% value (100%-20%) of the contractor under abatement norms (if the contractor does not keep the proper records/books of account that how much labour or material consumed for providing of such AMC, then 20'% labour cost is deductible from the total value of the contract for calculating the wct [vat) on the goods involved in execution of works contract). Further, 8 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... % may be the cess on WCT/VAT Tax. - Reply By Reshma kochar - The Reply = Sir will you be able to suggest me the section reference or any notification in this regard or any section reference of Karnataka Vat Act - Reply By pradeep khatri - The Reply = In respect of transfer of property in goods (whether as goods or in some other form) involved in the execution of works contract spec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ified in column (2) of the Sixth Schedule, subject to sections 14 and 15 of the Central Sales Tax Act, 1956(Central Act 74 of 1956), at the rates specified in the corresponding entries in column (3) of the said Schedule. Kindly refer Sixth Schedule of the Karnataka Value Added Tax in this regard. - Reply By Reshma kochar - The Reply = Thanks a lot Sir, Do this vendor form Bangalore can impos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e UP additional tax, or only a vendor from UP could ??and CST of 12.5% could be charge on a lesser value or say 20 % or 30%.. - Reply By pradeep khatri - The Reply = Kindly pour more clarification ot your last query. - Reply By neha chhawchharia - The Reply = Dear Reshma you can also see notification 12/2003-ST - Reply By gangaram chandwani - The Reply = Service tax is chargeable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... only on 20% service portion. Vat & additional tax is chargeable on 80% materials portion. No portion of value can simultaneously be called sale of goods as well as service. - Service Tax on AMC contract of Computer/laptops - Query Started By: - Reshma kochar Dated:- 2-9-2011 Service Tax - Got 9 Replies - Service Tax - Discussion Forum - Knowl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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