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Vat calculation under reuglar scheme in karnataka

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Querist : Anonymous

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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?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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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