VAT
This query is : Resolved
Shailesh satvara
(Querist)
09 June 2009
Dear Sir,
If vender material & Labour work Bills create joint, how many Percentage Vat ? & service Tax?
If vender material & Labour work Bills create joint, how many Percentage Vat ? & service Tax?
Madhukar N Hiregange
(Expert)
10 June 2009
Depends on the local VAT rules. In Karanataka either the actual labour/ services can be deducted or secified amounts for various types taken. For contracts not specified it is 75 %. In this case Service tax can be paid on 25 % or under compistion scheme at 4.12%
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