Vat on bricks

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This query is : Resolved

SANDIPAN PATRA (Querist)

04 January 2012 RESPECTED SIRS,
THIS IS SANDIPAN PATRA WORKING IN A CONSTRUCTION COMPANY , FEEL PROUD TO WRITE HERE TO THE MASTER LIKE ALL OF YOU. PLEASE TAKE MY REGARDS AT FIRST.

SIR, I WANT TO KNOW THT, IS VAT IS APPLICABLE ON BRICKS WHEN WE PURCHASED FOR CONSTRUCTION WORK IN UTTAR PRADESH ??

SIR, KINDLY GIVE ME SOME OF UR EXPERT SUGGESTION AND KIND ADVISE TO FOLLOW IN WORK WHEN WE PURCHASED CONSTRUCTION MATERIAL FOR A HIGHWAY PROJECT.. MORE I WOULD LIKE TO LET YOU CONFIRM THAT WE DONT HAVE COMPOSITE SCHEME , WE HAVE INDIVIDUAL REGISTRATION FOR THIS PROJECT.

I ANXIOUSLY WAITING FOR YOUR KIND HELP.

WITH REGARDS

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

05 January 2012 Mr S Patra,
Bricks of various types,sand,kankar,coal tar,iron and steel are all liable for 4%vat in UP.Always buy these goods and others also against proper tax invoices,so that you can get input tax credit.Show tax collection in RA bills on each amount(or split the amount into taxable amount and tax,so that you can get some reduction in tax.Generally there will be VAT TDS by the Government department.Generally they do at 4% or 5% of the total sum.This will be high.You can calculate the net tax liability on material value and insist on making TDS at that rate only.
For further details contact me again,if necssary,even by PM.
MJK

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