Works contract is trade or manufacturing for cst purposes
This query is : Resolved
27 April 2015
Dear All: Please clarify me that the Works Contract is treated as Trade or Manufacturing under the VAT Act. Because when registering for CST one has to specify the goods which your intended to purchase in Interstate is for Trading purposes or for Manufacturing purpose and there is no works contract category to select.
27 April 2015
Works contract is Trade for VAT purposes.
27 April 2015
Mr.Seetharaman Sir, kindly can you refer the relevant Section/Rule/Notification, etc as per which it is treated as trade.
28 April 2015
See the link.
https://www.caclubindia.com/articles/taxability-of-works-contract-under-vat-service-tax-13237.asp#.VT8GXdKqqko
https://www.caclubindia.com/articles/taxability-of-works-contract-under-vat-service-tax-13237.asp#.VT8GXdKqqko
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