13 January 2009
What is the method to calculate output vat on a contract in which material used includes both 4% and 12.5% materials and How much labour is to be calculated. Further VAT deducted at source will be from the total contract amount or from the amount after deduction labour. The contract is in respect of a building.The conractor and contractee both are in punjab. Please guide me what and how to do. Thanx
14 January 2009
The material includes sand and concrete purchased form unregisterd dealer. How to deal wtih that also in calculation of input and output vat. please ans it is very urgent thanks
CAclubindia
