I AM LITTLE BIT CONFUSE REGARDING TAX AUDIT LIMIT OF WORK CONTRACTOR WHOSE TOTAL TURNOVER OF Rs. 1 CRORE BUT OUT OF THIS MATERIAL AND LABOUR BOTH INCLUDED.
1. IF SUPPOSE IN BILL VAT NOT CHARGED SEPERATELY AND SERVICE TAX CHARGE SEPERATELY.
22 August 2011
NO MATTER MY FRIEND, IN THE VAT ACT THERE IS NO SEPAREATE DISCLOSURE OF VAT IS VALID. YOUR R COME WITHIN THE PREVIEW OF SECTION 44AB. WHETHER U DISCLOSE SEPARATE VAT OR NOT. BUT SERVICE TAX MAUST BE SEPARATE IN THE BILLS.
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