VAT on Fabrication works
This query is : Resolved
17 June 2009
I am doing fabrication works like fixing of flex boards.I want to know do VAT apply on fabrication works or I have registered under service tax.
18 June 2009
In case there is any transfer of goods involved in fixing of the flex board like adhesives etc VAT maybe applicable. Further the same may also be covered under ST after Rs. 10 Lakhs basic exemption under works contract/ commercial consrturction or erection, installation categories.
If both are applicable then on the value of VAT there is no liability under ST.
Example if you are paying VAT on 60% then ST would be on 40%.
If both are applicable then on the value of VAT there is no liability under ST.
Example if you are paying VAT on 60% then ST would be on 40%.
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