17 May 2012
In case of civil construction if some material such as steel & cement is supplied by client to the contractor free of cost than what is vat status on such material supplied free of cost.
17 May 2012
cost/value of material is deducted from gross contract amount, it will be treated as sale in hand of client and purchases for contractor. If the gross contract value is exclusive of cost of cement and steel supplied by client under the circumstances the gross value exclusive of material supplied by client will be consider as sale value for wct.
17 May 2012
if the gross contract value is exclosive of cost of cement and steel supplied by the client under this circumstances what is the status of service tax.
for example if contract value is 3.00 crore (exclusive of cement & Steel Value) and value of steel & cement is also Rs.3.00crore which is not included in contract value than what is the status od service tax under works contract services & construction services in respect of commercial or civil structure. pls calculate service tax liability .
18 May 2012
How can it justified by us to department that cost of free material supplied by client is this because no bill is raised by the client to us. In case of service tax
CAclubindia
