Dear Members,
Greetings of the day. Let me know that what is the rule to pay vat on works contract in west bengal. Here I would like to clear that we have awarded a work contract from indian oil corp. Ltd. Rate are inclusive of all taxes (as applicable) and its clearly separated on purchase order that rate will be paid against service providing and material supplied. Please also clear that whether there is any restriction to show vat amount in bill raised against the same works contract. Please also specify that in the case of inter state work contract how to calculate the same.
H. Shrimali
CAclubindia
