Dhananjay Vyavahare (Project Manager) (41 Points)
07 May 2010Hi,
One of our client is in business of Erection of power plants.
They purchase a material which is required for their works and pay VAT on that items.
They sub-contract their work to the small contractor and get the works from them.
They raise sales ivoice to their customer.
How they can get credit of VAT paid at the time of purchase.
Can they set off against service tax or set off against WCT?
rgds
dhananjay
Hari Ganesh.V
(Indirect Tax Consultant)
(94 Points)
Replied 07 May 2010
they can utilise the vat credit they have taken on their purchase to set off against the output vat.. works contract needs to be paid separately.. vat against service tax is not possible.. excise against service tax is only possible
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
