Easy Office
LCI Learning

Vat on running bill (r a)of civil construction of factory

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 January 2012 Dear Sir

The civil consturction work of factory is goning on in our company. the contractor has been charged Vat in their Running Bill (R.A), in this regards

can we take vat setoff in sales tax of Running Bill ?

Awating for your reply

Regards
Kiran Satdive

Profile Image

Prakash Kochar

Profile Image

Prakash Kochar (Expert)
13 January 2012 If the construction results in immovable property other than plant and machinary no setoff is allowable as per rule 54(g)of vat seperately charged by contractor in bill.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links