Works contract on VAT
This query is : Resolved
03 December 2007
Respected Members,
One of our client fall in work cotract. They supply material and labour to the parties on which the concerned party has deducted the TDS.
I wants to know the related provisions regarding the same in current VAT system.
I also wants how to represent the Work Contract Sale in Section G of Form 704.
Regards,
Prabhakar
One of our client fall in work cotract. They supply material and labour to the parties on which the concerned party has deducted the TDS.
I wants to know the related provisions regarding the same in current VAT system.
I also wants how to represent the Work Contract Sale in Section G of Form 704.
Regards,
Prabhakar
04 December 2007
If there are two separate contracts, one for supply and one for labour (only labour and no involvement of any goods), No works contract for VAT Purposes.
In other words, no VAT can be imposed on any contract of pure services (in which propety in goods does not passes in execution of such works contract)
In other words, no VAT can be imposed on any contract of pure services (in which propety in goods does not passes in execution of such works contract)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
