TMI BlogInput Credit in case of Works ContractX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Team I have one client who is doing Civil contract works , Following is the discription of his works:- 1. Civil Works with material 2. Paying Tax on @ 5% on Invoice Value 3. Take Full In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... put Credit of Goods Purchased From Register Delar Now My Querstion is :- 1. Can he take input credit 2. any notification is there for composit contract Kindly help me with ur valuable reply a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd comment on the same Thanks Regards saurabh Singh 09773679465 - Reply By MANDAVILLI RAMAKRISHNA - The Reply = from which state you are asking this question? your question is also not clear ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . he can not take ITC if he opts to pay at 5% i.e., compositon rate. he can take ITC in case of non composition ie., he has to be pay tax at 14.5% after setting off ITC.as the works contract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turnover does not fall in any schedule. in andhra pradesh, 90% of input eligible to be claimed for set off. composition to be opted in a month time of receiving work order RK VIZAG ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AP 9000016080 - Input Credit in case of Works Contract - Query Started By: - Saurabh Singh Dated:- 23-10-2012 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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