Query on registration of works contractor
This query is : Resolved
06 October 2012
Dear All,
In Maharashtra, we need to get registration once our turnover of sales crosses Rs.5,00,000/- and taxable sales or purchases Rs.10,000/-. For a works contractor having material sales of Rs.50,000/- and remaining labour portion billing amount to Rs.6,00,000/-. Is the Contractor liable to take vat no?
Whether the situation would be different had sales had a combined bill of material Rs.2,00,000/- and labour of Rs.6,00,000/-?
Thank you in advance
In Maharashtra, we need to get registration once our turnover of sales crosses Rs.5,00,000/- and taxable sales or purchases Rs.10,000/-. For a works contractor having material sales of Rs.50,000/- and remaining labour portion billing amount to Rs.6,00,000/-. Is the Contractor liable to take vat no?
Whether the situation would be different had sales had a combined bill of material Rs.2,00,000/- and labour of Rs.6,00,000/-?
Thank you in advance
06 October 2012
As per my opinion he is liable to Registration as his Turnover as per Works Contract is exceeding Rs. 500000/-
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