Check sibling questions

Q3

B LTD   AIRTEL
Purchase 60000   TELEPHONE 2500
vat 5% 3000   Service Tax 14% 350
  63000     2850

 

X LTD
Sale 180000
vat 5% 9000
  189000

What is Vat Payable?

View Answer

 No Input of Service Tax for Vat Dealers

This is because Service Tax is under Central Government and Vat under State Government

Davneet Singh's photo - Teacher, Engineer, Marketer

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.