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.
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