| Contactor covered under work contract service, have done below contracts could you please confirm his VAT liabilities according to MAVT Act | ||||
| Purchase 12.5% | 50000000 | |||
| Input VAT 12.5% | 6250000 | |||
| Purchase 5% | 10000000 | |||
| Input VAT 5% | 500000 | |||
| Labour Purchase | 10000000 | Payment made to Sub-Contractors | ||
| Gross Purchase | 76750000 | |||
| Sales 12.5% | 30000000 | Only Material Supply to Builder | ||
| Output VAT 12.5% | 3750000 | |||
| Sales 5% | 60000000 | Labour with material sales to builder | ||
| Output VAT 5% | 3000000 | |||
| Labour Sales | 30000000 | Only Labour Supply to builder | ||
| Gross Sales | 126750000 | |||
| What would be the VAT Liabilitis accourding to MVAT Act. | ||||
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