The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

How do i calculate the Vat on the labour job?

My business is lift contractor. i have charged service tax . now i take Vat tin no.so i want how to calculate vat on my bill

Hi,
Cool...............
There are different types of VAT That is 12.5%, 4%,1% etc.,

And one more thing you do not required put VAT your's Service oriented then if charges Service Tax that is enough.

And where is your business?

If you are charging 'labour charges only' you will have to charge service tax. If you are selling parts of lifts, you need to charge VAT. If you bill for parts incuding labour charges you will have to charge VAT on total amount and no service tax. If you bill for sale of lift including all related work, you will charge VAT only. You will charge service tax on maintenance contracts.

Tags
　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business
Related information
  • Hi,ive applied for pan past 2 months back.up2now id't get pan but the broker gve me the pan umber.apepm1467n.

    APEPM1467N has been returned by the Department's website as an INVALID NO. You can also visit the site ...

  • Dear friends can we use egold earnings to be transfered into our bank account in india?

    sure you can transfer it easily and if u face any problem in your account transfer in my online account. thanks

    ...
  • How to calculate tds montly basis? what is the slab rate (for male)?

    Hi, The slab rate for male is - Up to 110000 - Nil Next 40000 - 10% Next 100000 - 20% Above - 30% For male/female above 65yr age - Up to 195000 - Nil Next up to 250000 - 20% Above - 30...

  • How can a NGO get a tax exemption certificate in India ?

    The departnement of NGOs will provide a cetificate/ forwarding letter. That letter will have to be submitted to IT department.

    ...
  • Until when can i file my income tax?

    If you are an Individual and having income from Salary or from Business/Profession, then the due date is 31st July. You can still file your return late till 31.3.2008 paying interest @15% on tax pa...

  • How to calculate NRI status?

    To be on safe side, please leave India on 11th Dec.07. To be on safe side I am calculating the day you landed 14th June and the day you are leaving 11th Dec. is also taken as your stay in India for...

  • Please Let me know the salary dividings and persentages from basic Salary.?

    I am not sure of your questions. Are you asking about taxes or how salary is calculated or something else?

    ...
  • Does any1 know if FY'08 has been passed?

    We are currently IN TY 08 (which began October 1)

    ...
    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster