Biswanath (Service) (36 Points)
27 September 2008If we execute a project out of state where our corporate office is located. Hence, please suggest about vat registration from where we shall obtain. In the state where corp.office or in that state where project, which is preferable for beneficiary aspects.
C.A Alok Mukherjee
(service)
(462 Points)
Replied 27 September 2008
Offcourse, in the State where the project will be carried out.
If you submit your billing from that State, the client will get Input Tax Credit. Beside, project activity involve work contract therefore work contract tax applicable for that state will be deducted from your bill against which a certificate in the form of TDS will have to be obtained and the TDS effect can be offset against your output tax. I understand things are clear now.
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