If we execute a project out of state where our corporate office is located. Hence, please suggest about vat registration from where we shall obtain. In the state where corp.office or in that state where project, which is preferable for beneficiary aspects.
Menu
Vat
Replies (1)
Offcourse, in the State where the project will be carried out.
If you submit your billing from that State, the client will get Input Tax Credit. Beside, project activity involve work contract therefore work contract tax applicable for that state will be deducted from your bill against which a certificate in the form of TDS will have to be obtained and the TDS effect can be offset against your output tax. I understand things are clear now.
Recent Topics :
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
Related Topics :
CAclubindia
