Work contractor case for ta x audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2011
HI
RESPECTED MEMBER
I AM LITTLE BIT CONFUSE REGARDING TAX AUDIT LIMIT OF WORK CONTRACTOR WHOSE TOTAL TURNOVER OF Rs. 1 CRORE BUT OUT OF THIS MATERIAL AND LABOUR BOTH INCLUDED.
1. IF SUPPOSE IN BILL VAT NOT CHARGED SEPERATELY AND SERVICE TAX CHARGE SEPERATELY.
2. IF SUPPOSE BOTH CHARGE SEPERATELY.
PLEASE CLARIFY ABOVE BOTH SITUTION.
THANKS
IN ADVANCE
RESPECTED MEMBER
I AM LITTLE BIT CONFUSE REGARDING TAX AUDIT LIMIT OF WORK CONTRACTOR WHOSE TOTAL TURNOVER OF Rs. 1 CRORE BUT OUT OF THIS MATERIAL AND LABOUR BOTH INCLUDED.
1. IF SUPPOSE IN BILL VAT NOT CHARGED SEPERATELY AND SERVICE TAX CHARGE SEPERATELY.
2. IF SUPPOSE BOTH CHARGE SEPERATELY.
PLEASE CLARIFY ABOVE BOTH SITUTION.
THANKS
IN ADVANCE
22 August 2011
NO MATTER MY FRIEND,
IN THE VAT ACT THERE IS NO SEPAREATE DISCLOSURE OF VAT IS VALID.
YOUR R COME WITHIN THE PREVIEW OF SECTION 44AB. WHETHER U DISCLOSE SEPARATE VAT OR NOT. BUT SERVICE TAX MAUST BE SEPARATE IN THE BILLS.
IN THE VAT ACT THERE IS NO SEPAREATE DISCLOSURE OF VAT IS VALID.
YOUR R COME WITHIN THE PREVIEW OF SECTION 44AB. WHETHER U DISCLOSE SEPARATE VAT OR NOT. BUT SERVICE TAX MAUST BE SEPARATE IN THE BILLS.
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