Karnataka Works contract

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e k haridasan (Querist)
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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

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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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

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