Anirudh (Manager-Tax and Accounts) (40 Points)
24 February 2011Dear Members,
We have executed an interstate WC in state of Karnataka .We received (1)Imported CKD/SKD material from Outside India and also (2)procured material from outside state of Karnataka and(3) within karnataka
I understand that WC is nothing but deemed sale of material involved in execution of works contract and CST will be charged on those goods
In the above listed 3 procurements which material is considered as goods involved in execution of WC?
Pls suggest
Siddharth Mittal
(Chartered Accountant)
(112 Points)
Replied 26 February 2011
| Originally posted by : Anirudh | ||
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Dear Members, We have executed an interstate WC in state of Karnataka .We received (1)Imported CKD/SKD material from Outside India and also (2)procured material from outside state of Karnataka and(3) within karnataka I understand that WC is nothing but deemed sale of material involved in execution of works contract and CST will be charged on those goods In the above listed 3 procurements which material is considered as goods involved in execution of WC? Pls suggest |
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