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
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
- Sale of goods to the purchasing party
- Resignation of auditor and appointment and cfss
- OLD REGIM AND NEW REGIM
- SCARP SALES - GST INVOICE & GST APPLICABILITY
- FORM 10BB/10B REQUIRED OR NOT
- Portuguese Civil Code IT Return
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- Carriage Road Act, 2007 read with Carriage by Road Rules, 2011
- Maintenance of asset register
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
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
