Vat calculation under reuglar scheme in karnataka
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2011
We are ragistered firm in Karnataka under regular scheme(VAT). We got a Works contract (tunnel work) in karnataka. Should we calculate VAT on total gross bill including labour OR only on the material we used in construction? Is labour charges free from VAT?
07 August 2011
while going regular scheme you need to calculate the bill materials and labour and charge VAT on materials only based on VAT rate
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