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VAT on works Contract

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2011 If the contractor had applied for compounding scheme. and he receives a sum of Rupees as advance can it be taken as inclusive of VAT eg - 100000 received (inclusive of VAT and Service Tax)
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sandesh mundra

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sandesh mundra (Expert)
15 March 2011 yes, the same can be considered as inclusive.
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