Karnataka Works contract
This query is : Resolved
e k haridasan
(Querist)
24 June 2011
I am seeking clarification on the following.
Karnataka Works Contract. The company is executing fire protection contracts. Is it possible to charge 5% on installation of pipes(scheduled goods) and 14% on other materials in a composite contract.Certain Assessing officers have allowed this dual taxation in works contracts where steel pipes are involved. E.K.Haridasan
Karnataka Works Contract. The company is executing fire protection contracts. Is it possible to charge 5% on installation of pipes(scheduled goods) and 14% on other materials in a composite contract.Certain Assessing officers have allowed this dual taxation in works contracts where steel pipes are involved. E.K.Haridasan
MJ Krishnamurthy
(Expert)
24 June 2011
Mr Haridasan,
In Karanataka the goods incorporated in a works contract can not be segregted as per their tax rates.The entire value of the goods used in the work is to be charged a single rate,e.g.in this case 14%.
MJK
In Karanataka the goods incorporated in a works contract can not be segregted as per their tax rates.The entire value of the goods used in the work is to be charged a single rate,e.g.in this case 14%.
MJK
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