works contract civil
This query is : Resolved
31 January 2011
Dear sir,
we are in regular shchem of KARNATAKA VAT.
but we are doing civil works in various parts in bangalore, so shall we go for composition one site and one site for regular scheme is it possible a single TIN?
And what we take labour charges in computation whether 30% of sec.3(2) or actual labour incurred?
please give me excellent answer.
we are in regular shchem of KARNATAKA VAT.
but we are doing civil works in various parts in bangalore, so shall we go for composition one site and one site for regular scheme is it possible a single TIN?
And what we take labour charges in computation whether 30% of sec.3(2) or actual labour incurred?
please give me excellent answer.
01 February 2011
you can't go for composition scheme for a particular project, if you are willing to choose composition scheme then it will applicable on your all projects in karnatka.
In regular scheme you can get labour component actual incurred on project , at the time of VAT/WCT libility computing.
In regular scheme you can get labour component actual incurred on project , at the time of VAT/WCT libility computing.
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