Taxability of a transaction
This query is : Resolved
05 January 2008
I would like to know whether "Electrification of assembly hall" is a taxable transaction under MVAT. Would it be considered to be a works contract? Sale of electricity is not considered to be a sale under CST ? Is there any similar provision in case of VAT ? PL reply urgently.
CA. O.P. Agarwalla
(Expert)
11 January 2008
Sale of Electricity and sale of materials reuired for electrification are totally different. Electricity is out of the purview of VAT. Electrical goods are taxable.
Electrification of assesmbly hall seems to be an indivisible works contract (if it is)and certainly transfer of property in goods will be made in execution of Contract. Hence, the contract will fall under the ambit of Works Contract and will attract VAT.
Electrification of assesmbly hall seems to be an indivisible works contract (if it is)and certainly transfer of property in goods will be made in execution of Contract. Hence, the contract will fall under the ambit of Works Contract and will attract VAT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
