Vat on civil construction
This query is : Resolved
30 October 2011
Dear Sir
Vat is applicable for civil construction bill?
Awaiting for your reply
Regards
Kiran Satdive
Vat is applicable for civil construction bill?
Awaiting for your reply
Regards
Kiran Satdive
30 October 2011
The answer has two solutions.
1) VAT is applicable on the materials used in the construction, while on the labour part, service tax is payable.
2) There is concept called lumpsum rate ie 4%. In that case, you need not to bifurcate the details. On the whole amount, the flat rate of 4% is applicable.
1) VAT is applicable on the materials used in the construction, while on the labour part, service tax is payable.
2) There is concept called lumpsum rate ie 4%. In that case, you need not to bifurcate the details. On the whole amount, the flat rate of 4% is applicable.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- ASMT-10 received from A O
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
