06 October 2012
Dear All, In Maharashtra, we need to get registration once our turnover of sales crosses Rs.5,00,000/- and taxable sales or purchases Rs.10,000/-. For a works contractor having material sales of Rs.50,000/- and remaining labour portion billing amount to Rs.6,00,000/-. Is the Contractor liable to take vat no? Whether the situation would be different had sales had a combined bill of material Rs.2,00,000/- and labour of Rs.6,00,000/-? Thank you in advance
CAclubindia
