Under Civil and interior work contract
This query is : Resolved
JRD India Pvt Ltd
(Querist)
20 November 2021
what ratio is to be maintained above subjected under civil and interior work contract for private ltd company, please advise, if sale goes less than purchase, kindly give the suggestion , how should I keep the track of sale of taxable service /goods i.e. material and labour charges and the purchase of material .
Dhirajlal Rambhia
(Expert)
26 November 2021
If purchase is more, it adds to inventory or Work in progress.
For profit margin, market trend is 15 to 20%.
For profit margin, market trend is 15 to 20%.
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