What is the method of calculation of VAT on Works Contract in Maharashtra. How to calculate VAT on Works Contract with G.P. Ratio Method. Please help me. Thnx in advance.
Menu
Vat on works contract in maharashtra
Replies (1)
Mr Atul,
VAT is payable on the transfer of property in goods(material value) involved in a works contract. For this purpose you have reduce the cost of labour and services(including apportioned GP) form the total receipts.On the material value also you have add profit and then charge VT at the applicable rate......mjk
Recent Topic
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
- Ltcg savings
- Please share the roc and income tax compliance fo
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
Related Topics
CAclubindia
