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civil work contract, VAT + CST

Issue Id: - 109602
Dated: 24-12-2015
By:- Ram Babu singh

civil work contract


  • Contents

How to calculate service tax and vat on work contract and what will be the rate of vat ?

Posts / Replies

Showing Replies 1 to 4 of 4 Records

Page: 1


1 Dated: 24-12-2015
By:- Ganeshan Kalyani
As per valuation rule, taxable value is 40% of the consideration in case the works is original otherwise it is 70% of the consideration to calculate service tax.

2 Dated: 24-12-2015
By:- Ganeshan Kalyani
Vat rate is different in case composition scheme is availed or otherwise.

3 Dated: 24-12-2015
By:- YAGAY AND SUN

VAT Rate may vary from 5% to peak rate i.e. 12.50% to 15%. However, VAT Rate on works contract can be calculated on the value of actual material used or on abated value or on composition scheme as the case may be.


4 Dated: 27-12-2015
By:- MARIAPPAN GOVINDARAJAN

On observation from the queries, the queries are not complete in nature. If you ask the rate of VAT how can it be presumed your actual applicability VAT rate, since the same is different from state to state. Please give a complete picture of query so that correct advice may be given.


Page: 1

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