VAT On tender
This query is : Resolved
23 November 2010
Is VAT applicable for tender applications??
(Tamil Nadu)
if yes
1) @ wat rate
2) is composite scheme applicable??
Please answer ths query asap..
(Tamil Nadu)
if yes
1) @ wat rate
2) is composite scheme applicable??
Please answer ths query asap..
23 November 2010
no. vat not applicable
24 November 2010
i am sorry to say sir but its applicable i did check out some sites Egs ONGC invited a tender for some construction it did charge VAT @ 4% on tender ( Site clearly mentioned addtional 4% VAT)
25 November 2010
Yes, VAT is applicable for such a govt. tender @ lowest rate of 4%. if you are seller, you need to collect vat deduction certificate (its like TDS certificate) from the dept.. so, you can submit the same to sales tax dept. by adjusting the output tax for above 4% tax purchase items.
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