Vat return under tamil nadu vat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 Dear All,

Regarding computation of deemed Vat Liability under TN Vat for new construction residential project at Chennai, we had made payment to contractor for external and interanal electrical works. The contract includes material cost and labour cost. Our query is as under:-

While computing the vat liabilty we used to calculate deemed sale on the input material + 10% profit margin on the same.

However please clarify whether the material supplied by the electrical contractor will be included in the calcuation of deemed sale. If no then please provide justification for the same.

Regards

CA Vishal Mehta

CA LOKESH KASAT, FCA, M.Com

CA LOKESH KASAT, FCA, M.Com (Expert)
Follow

18 April 2017 Very old Query need to be closed now

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHYAM SUNDER GULATI

Shubham Jain

Aakash Kumar

Tia Blair

yadagiri

Subscribe Now

Vat return under tamil nadu vat

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

CA Final

Accountant