works contract
This query is : Resolved
17 August 2009
sir,
please help me for ,actual definition of works contract? and where it applies ?concider a builder how it works ?
thanks
please help me for ,actual definition of works contract? and where it applies ?concider a builder how it works ?
thanks
17 August 2009
it applies where material & services, both are sold in a single contract. In case of work contract, VAT & servicetax ; both are chargeable at reduced rates.
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