Karnatka VAT Rate for Agreement of sell as well as labour services

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Manish Kumar Bansal (Querist)

26 September 2007 I hv given an interior decoration contract to one person in Karnatka. He is supplying material as well as providing labour services. I want to know that what is the rate of tax he should charge from us.

Presently he is charging 4% composite tax. As per him I m not able to take credit for the tax paid by him.

Ravikumar.G

Ravikumar.G (Expert)

04 October 2007 You can't take credit/avail because it is capital expenditure. Capital expenditure payment which is directly related to manufacturing activity the same VAT can be taken for availment. For EX Airconditioner purchase etc VAT input is not possible. The full details are very much available in our files portal.

Manish Kumar Bansal

Manish Kumar Bansal (Querist)

04 October 2007 Sorry for using hard language, but what do u think i hv not checked the act, I m not able to find the answer then only I hv put here.

If u dont know the answer then plz dont give this type of funny answers.

the solution of every problem is in Act and rules, then what is the use of this type of portals

Ravikumar.G

Ravikumar.G (Expert)

11 October 2007 Its FUN. :)

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