28 August 2010
1. I have pruchased a equipment from Vadodara to Mumbai under from c transaction. Now, i am selling the equipment to a customer within maharashtra, under works contract agreement. So, will the CST 2% paid will be reimbursed / can be considered as rebate will paying the MVAT.
2. what rate of MVAT is applicable for works contract for a work to be carried out for recognised sceintific research institute by goverenment.
30 August 2010
Regarding query 1, you will not be able to claim rebate of CST paid on purchases. The same will be a cost.
Regarding query 2, what kind of works contract are you rendering? there are different schemes available. Details can be provided once facts are clearly available
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