i work in a EPC contracting firm where we are participating in a Tender for which the project site is situated in the state of Uttar Pradesh.
In the tender there is a common schedule for erection of electrical equipments and civil works of all nature. Though schedule is same all items of erection and civil have been identified under seperate heads.
now i would like to know what will be the tax liability on civil and erection works.
what are the options available and which one would be better.
15 May 2010
it's a matter of fact and contract terms and conditions. as you explain here it seems a composite works contract. you can go for normal VAT taxability and claim standard labor etc. deduction and / or opt composition scheme for discharge output VAT liability. there is no one line answar and advice for best option without all facts and transaction.
CAclubindia
