VAT on Construction
This query is : Resolved
GOPAL KUMAR AGRAWAL
(Querist)
28 May 2011
Whether VAT is applicable in case transaction is initiated before completion of construction & agreement is registered after the completion.
Sanjeev Kumar
(Expert)
02 June 2011
please note for a valuable reply always refer State & full facts of the case.
i you have obtained composition scheme then u have to inform your AO at time booking a contract & liable to pay VAT on collection basis OR if not in composition scheme & paying VAT as normal dealer under Works Contract then u are liable to pay on sales value of material consumed in execution of WC
i you have obtained composition scheme then u have to inform your AO at time booking a contract & liable to pay VAT on collection basis OR if not in composition scheme & paying VAT as normal dealer under Works Contract then u are liable to pay on sales value of material consumed in execution of WC
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 Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
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
