works contractor is applicable in VAT

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 Dear All,

iam individual builder , i given work contractor to others, is it required to deduct VAT on him.

K Bala Kishan

K Bala Kishan (Expert)
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13 September 2010 Where the VAT dealer has maintained the accounts to determine the correct value of the goods at the time of incorporation, then VAT is to be deducted on type of material based on state schedules as prescribed.

Where the VAT dealer has NOT maintained the accounts to determine the correct value of the goods at the time of incorporation. Higher VAT Rate.

Composition Option. Only 5% of tax.

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2010 i given to building construction contract to X party, material supplied by me, can i deduct VAT on X party.

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