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Works Contract

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(Querist)
12 September 2008 Sir

i have one doubt in Works contract 12.5% Tax

labour exemption 33% in Karnantaka VAT Act
if that amount not in book, Std elegible 33% or Books.
Ex: 1000/- Contract Receipt
33% - 333/- as per Kar-VAT Act Labour
Books - 250/- Actual Labour
which one exemption in VAT
Regards
Tajoddin
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Tajoddin

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Tajoddin (Querist)
12 September 2008
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 September 2008 Rs.250/-
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
17 September 2008 Normally- question of adhoc deductions arises only if a dealer fails to explain the expenses through his books.

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