VAT on works Contract
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2011
If the contractor had applied for compounding scheme. and he receives a sum of Rupees as advance can it be taken as inclusive of VAT eg - 100000 received (inclusive of VAT and Service Tax)
15 March 2011
yes, the same can be considered as inclusive.
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