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works contract

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(Querist)
17 August 2009 sir,
please help me for ,actual definition of works contract? and where it applies ?concider a builder how it works ?

thanks
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Jitender

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Jitender (Expert)
17 August 2009 it applies where material & services, both are sold in a single contract. In case of work contract, VAT & servicetax ; both are chargeable at reduced rates.

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