05 August 2011
Mr. P Arora, In a printing job work,although your client supplies paper you will be consuming printing ink and other materials.Your charges will be less.In this work you have to estimate the value of inks and other materials(at purchase+ profit)for charging vat.The balance amount of sales is to be treated as labour and exempt.VAT chargeable on the value of materials consumed is 4% in Karnataka.Pl check up in your State for correct rate. MJK
CAclubindia
