31 May 2009
whether person taking contract of welding works covered by VAT and have to pay VAT on contract amount by considering sales. If yes then what %age will apply for the same? whether same is covered under Service tax also
01 June 2009
The activity considered under Works Contract and covered by the VAT.You Can Opt for Composition scheme u/s 42 (3) or U can Calculate on the VAt Liability u/r 58.
Service TAx is applicable on the labour Charges Received by the Contractor.
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