VAT ON FREE ISSUED MATERIAL TO SUB-CONTRACTED VENDOR

This query is : Resolved

Navneet S Sagdeo (Querist)
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17 December 2009 In maharashtra we are paying exicse on free
issue material supplied to the material on sub-contracted basis & In Vendor bill the Tax Calculation is as below.

1) Basic Ammount of Vendor bill
+ Free issue Value
+ 8.21% excise duty
- free issue value = A
Applicable VAT on A amount,which gives total
bill amount.

But 1 of my vendor from chandighar is asking the same in below format.

2) Basic Ammount of Vendor bill
+ Free issue Value
+ 8.21% excise duty =A
Vat on A amount - free issue Value
,which is final ammount
PLease suggest the rules are different in the
two states or not.
PLEASE clarify the same.

Vishnu Saboo

Vishnu Saboo (Expert)
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18 December 2009 this is work contract, and in work contract cases, tax applicable on value of material passeed and not the assesable value as per excise.

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