Nandan Sarma (Article Assistant) (325 Points)
11 January 2012In case of Civil Contracts two major components are Material and Labour.In case of materials you have to charge VAT and in case of Labour you have to charge Service Tax.Whats is the basis of dividing both in the contract price to charge the respective Taxes.Can anyone provide the relevant provisions
CA Unnikrishnan Nair N
(Chartered Accountant)
(2083 Points)
Replied 11 January 2012
Claim abtement under noti.1/2006.
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 11 January 2012
Sharma G,
You can ask to the enggr. to give you compeletion certificate and then calculate accordingly material used and labour applied.
I think this would be the better way !!!
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
