Vat on running bill (r a)of civil construction of factory
This query is : Resolved
kiransatdive
(Querist)
11 January 2012
Dear Sir
The civil consturction work of factory is goning on in our company. the contractor has been charged Vat in their Running Bill (R.A), in this regards
can we take vat setoff in sales tax of Running Bill ?
Awating for your reply
Regards
Kiran Satdive
The civil consturction work of factory is goning on in our company. the contractor has been charged Vat in their Running Bill (R.A), in this regards
can we take vat setoff in sales tax of Running Bill ?
Awating for your reply
Regards
Kiran Satdive
Prakash Kochar
(Expert)
13 January 2012
If the construction results in immovable property other than plant and machinary no setoff is allowable as per rule 54(g)of vat seperately charged by contractor in bill.
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