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

Solve all your doubts with Teachoo Black (new monthly pack available now!)

CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 12 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.