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Works contract

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(Querist)
13 December 2011 AP VAT has been increased from 4% to 5% for goods in sch.IV, does it apply to works contracts as well?
Form 250 on site doesnt show any change?
plz advice
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
13 December 2011 Mr Reddy,
The increase in VAT from 4% to 5% is for all dealers, not selectively.So it applies to works contract also....MJK

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