Friends
I have following problem on hand
1) I purchase a gas kit to be fitted to motor vehicles from a vendor on Maharashtra he bills me the kit in 2 parts one is cylinder on which 4% vat is charged - say Rs. 104 incl VAT
2) & the other is conversion kit on which 12.5% vat is charged - say Rs. 112.5 incl VAT
3) the bill is single TAX INVOICE for both the above items.
4) What I do is I fit these two separate items into motor vehicles at my workshop
5) I want to raise a single bill for all this
The Query - whether this is a sale of goods? if yes at what rate the VAT is to be charged? pl provide me with shedule entry no for the saem.
IF it's a works contract at what rate VAt is to be charged & whether any deduction is permissible?
Regards
CA Deepak Gadgil
Solapur
0217-2318152 / 6450752 / 9422068273 / 9325616287
CAclubindia
