Gujarat vat : works contract
This query is : Resolved
29 December 2015
WE ARE DOING CONSTRUCTION WORK UNDER CATAGORY WORKS CONTRACT & USE MISC MATERIALS
WE BUY MATERIAL, WITH VAT + EXCISE FOR WORKS
CAN WE TAKE INPUT CREDIT OF VAT FOR VAT ??
CAN WE TAKE EXCISE AGAINST SERVICE TAX INPUT CREDIT ??
WE BUY MATERIAL, WITH VAT + EXCISE FOR WORKS
CAN WE TAKE INPUT CREDIT OF VAT FOR VAT ??
CAN WE TAKE EXCISE AGAINST SERVICE TAX INPUT CREDIT ??
29 December 2015
if you are including value of material used in your gross billed amount then you can avail cenvat of excise but if you are deducting value of material from value of taxable services then you can not avail the cenvat credit.
29 December 2015
can we take input credit of vat, in vat account
29 December 2015
yes you can take itc on vat for paying vat
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